Guideline Value for THALLERI PALAYAM STREET

Thalleri Palayam Street guideline value

The current guideline value of Thalleri Palayam Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Chinnakavanam village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Thalleri Palayam Street has changed

The guideline value for Thalleri Palayam Street has undergone several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which then decreased to Rs 134 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 300 per sq.ft in both the 2023 and 2024 revisions, reflecting a change of +124% from 2017 to 2023 and an overall increase of +50% from 2012 to 2024.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. The values for 2023 and 2024 remained unchanged at Rs 300 per sq.ft.

Guideline values in Chinnakavanam

In Chinnakavanam, there are 28 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 400 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which aligns with the guideline value of Thalleri Palayam Street.

• Sundar Raja Mudali Street: Rs 300 per sq.ft (2024)
• Sudukadu Chellum Pathai: Rs 300 per sq.ft (2024)
• Sri Sai Aanand Garden: Rs 300 per sq.ft (2024)
• Sri Kari Krishna Perumal Nagar: Rs 300 per sq.ft (2024)
• Sivan Kovil Street: Rs 300 per sq.ft (2024)
• Sivan Kovil Madaveethi: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Thalleri Palayam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Thalleri Palayam Street?

The Thalleri Palayam Street is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Chinnakavanam

The guideline value plays a crucial role during property registration in Chinnakavanam. It serves as a benchmark for determining the minimum value for which properties can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both buyers and sellers adhere to the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Thalleri Palayam Street?

The current guideline value of Thalleri Palayam Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then to Rs 300 per sq.ft in both 2023 and 2024. This represents an overall increase of +50% from 2012 to 2024.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for Thalleri Palayam Street?

The Ponneri Sub Registrar Office handles registrations for Thalleri Palayam Street, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the land classification for Thalleri Palayam Street?

Thalleri Palayam Street is classified as Residential Class II Type - I, indicating its use for residential purposes within the area.