Guideline Value for THANGAMMAL KALANI

Thangammal Kalani guideline value

The current guideline value of Thangammal Kalani, located in SingaperumalKoil village under the Chengleput Joint II SRO, is Rs 1,100 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Thangammal Kalani has changed

The guideline value for Thangammal Kalani has seen several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft. This figure decreased to Rs 670 per sq.ft in 2017, marking a decline of 33%. However, the value rebounded significantly to Rs 1,000 per sq.ft in 2023, which was a 49% increase from the 2017 revision. The latest revision in 2024 has further increased the value to Rs 1,100 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in SingaperumalKoil

In SingaperumalKoil, there are 33 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is equal to the guideline value of Thangammal Kalani.

• Thangammal Nagar: Rs 1,100 per sq.ft (2024)
• T.G.Balabathiran Street: Rs 1,100 per sq.ft (2024)
• Theradi Street (A) Kamarajar Street: Rs 1,500 per sq.ft (2024)
• Thiruvalluvar Street: Rs 800 per sq.ft (2024)
• Sri Perumbudur Road: Rs 1,500 per sq.ft (2024)
• Sannadhi Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Thangammal Kalani

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thangammal Kalani?

The Sub Registrar Office that covers Thangammal Kalani is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

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

When a property is sold, the sale price or the guideline value, whichever is higher, is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount in taxes based on the property's value.

Frequently asked questions

What is the current guideline value of Thangammal Kalani?

The current guideline value of Thangammal Kalani is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Thangammal Kalani?

Thangammal Kalani falls under the Residential Class I Type - I land classification.

Which Sub Registrar Office covers the registration for Thangammal Kalani?

The Chengleput Joint II Sub Registrar Office covers the registration for Thangammal Kalani, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Thangammal Kalani?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.