Guideline Value for THAMIMNAGAR STREET

Thamimnagar Street guideline value

The current guideline value of Thamimnagar Street is Rs 600 per sq.ft. This street is located in Kovalam village and falls under the Thiruporur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Thamimnagar Street has changed

The guideline value for Thamimnagar Street has seen several revisions over the years. In 2007, the guideline value was Rs 165 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012, marking a rise of 264%. However, in 2017, the value decreased to Rs 402 per sq.ft, a drop of 33%. The most recent revision in 2023 set the guideline value back at Rs 600 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 264%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Kovalam

Currently, there are no specific village figures available for Kovalam. Thamimnagar Street's guideline value is Rs 600 per sq.ft. Other streets in Kovalam have no figures provided.

Stamp duty and registration fee for property in Thamimnagar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thamimnagar Street?

The Sub Registrar Office that covers Thamimnagar Street is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kovalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is sold or purchased.

When registering a property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the registration process is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Thamimnagar Street?

The current guideline value of Thamimnagar Street is Rs 600 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 165 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017, and returned to Rs 600 per sq.ft in 2023.

What is the land classification for Thamimnagar Street?

The land classification for Thamimnagar Street is Residential Class II Type - I.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is stamp duty calculated for properties in Thamimnagar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would be Rs 54,000.