Guideline Value for THANGAPILLIYAR KOIL STREET

Thangapilliyar Koil Street guideline value

The current guideline value of Thangapilliyar Koil Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Thirusulam village under the Pallavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Thangapilliyar Koil Street has changed

Over the years, the guideline value of Thangapilliyar Koil Street has seen several revisions. The earliest recorded figure is from 2012, which was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. In 2023, the value rose to Rs 1,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,320 per sq.ft, marking a significant increase of 32% from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for Thangapilliyar Koil Street. The changes between revisions are notable: from 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 24%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thirusulam

In Thirusulam, there are 74 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,080 to Rs 2,750 per sq.ft, with a median value of Rs 1,940 per sq.ft. The guideline value of Thangapilliyar Koil Street is below this median.

• Thirisoolam Colony: Rs 1,100 per sq.ft (2024)
• Thirisoolam Moovarasampattu Main Road: Rs 1,980 per sq.ft (2024)
• Thirusoolam Main Road: Rs 2,750 per sq.ft (2024)
• Vaithiyar Street: Rs 1,940 per sq.ft (2024)
• Vaithiyar Street Ext 1 To 4 Streets: Rs 1,940 per sq.ft (2024)
• Vaithiyar Street Extn: Rs 1,940 per sq.ft (2024)

Stamp duty and registration fee for property in Thangapilliyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total fees Rs 1,18,800. Please 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 information.

Which Sub Registrar Office covers Thangapilliyar Koil Street?

The Sub Registrar Office that covers Thangapilliyar Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor when buying or selling property in Thirusulam. It is used to determine the stamp duty and registration fees applicable during the transaction. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used to calculate the duties.

When registering a property, the guideline value ensures that the government receives the appropriate revenue from property transactions. It is crucial for both parties to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thangapilliyar Koil Street?

The current guideline value of Thangapilliyar Koil Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification of Thangapilliyar Koil Street?

Thangapilliyar Koil Street is classified as Residential Class III Type - I.

Which office handles property registration for Thangapilliyar Koil Street?

The Pallavaram Sub Registrar Office handles property registration for Thangapilliyar Koil Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in Thangapilliyar Koil 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 amount to Rs 1,18,800.