Guideline Value for THILAGAR STREET (WARD -8)

Thilagar Street (Ward -8) guideline value

The current guideline value of Thilagar Street (Ward -8) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - V.

How the guideline value of Thilagar Street (Ward -8) has changed

Over the years, the guideline value of Thilagar Street has undergone several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and currently, the 2024 revision has raised it further to Rs 1,320 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. The 2023 to 2024 revision saw a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Thilagar Street's 2024 figure above that median.

• Thirugnanasambanthar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Thenral Nagar (Kr): Rs 661 per sq.ft (2024)
• Thirukkural Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thirukoodarasappar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Thembavani Street (N): Rs 1,320 per sq.ft (2024)
• Thirukuralar Street (Ward -8): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thilagar Street (Ward -8)

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 be Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total charges Rs 1,18,800. It is important to note that 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 details on calculating these fees.

Which Sub Registrar Office covers Thilagar Street (Ward -8)?

The Sub Registrar Office that covers Thilagar Street (Ward -8) 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 information.

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

The guideline value is a crucial factor when registering property transactions in Peramanoor. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the current guideline value, as it may affect the overall transaction costs. Buyers should ensure that they are informed about the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thilagar Street (Ward -8)?

The current guideline value of Thilagar Street (Ward -8) 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 seen several revisions, with the most recent increase from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024. The value was previously Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What is the classification of Thilagar Street?

Thilagar Street is classified as Residential Special Type - V, which indicates its zoning and intended use for residential purposes.

What are the stamp duty and registration fees for properties in Thilagar Street?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Where can I find the Sub Registrar Office for Thilagar Street?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information about your SRO through the provided link.