Guideline Value for THANISKEYAR (PER)

Thaniskeyar (Per) guideline value

The current guideline value of Thaniskeyar (Per) is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Sattamangalam village under the Chengleput Joint II SRO and is classified as Residential Special Type - V.

How the guideline value of Thaniskeyar (Per) has changed

Over the years, the guideline value for Thaniskeyar (Per) has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 804 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 1,200 per sq.ft, reflecting a 49% increase. The most recent revision in 2024 has further increased the guideline value to Rs 1,320 per sq.ft, a rise of 10% from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value.

Guideline values in Sattamangalam

Sattamangalam village comprises 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing the 2024 figure for Thaniskeyar (Per) above this median.

• Thembavani Street (N): Rs 1,320 per sq.ft (2024)
• Thalamuthu Natarajan Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Thenral Nagar (Kr): Rs 660 per sq.ft (2024)
• Thaiyumanavar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Thilagar Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thirugnanasambanthar Street (Ward -6): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thaniskeyar (Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thaniskeyar (Per)?

The Sub Registrar Office that covers Thaniskeyar (Per) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sattamangalam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a buyer and seller agree on a sale price, the higher value between the sale price and the guideline value is used to calculate the applicable duties and fees. This ensures that the transaction is compliant with local regulations and that the government receives its due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thaniskeyar (Per)?

The current guideline value of Thaniskeyar (Per) 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 increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Thaniskeyar (Per)?

Thaniskeyar (Per) is classified as Residential Special Type - V, indicating its designation for residential purposes within the area.

What are the other streets in Sattamangalam with their guideline values?

Other streets in Sattamangalam include Thembavani Street (N) at Rs 1,320 per sq.ft, Thalamuthu Natarajan Salai (Ward -8) at Rs 1,760 per sq.ft, and Thenral Nagar (Kr) at Rs 660 per sq.ft, among others.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.