Guideline Value for THILAGAR STREET

Thilagar Street guideline value

The current guideline value of Thilagar Street in Perambur village, under the Purasaivakkam SRO, is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class III Type - II.

How the guideline value of Thilagar Street has changed

The guideline value for Thilagar Street has seen several revisions over the years. In 2002, the value was Rs 336 per sq.ft, which increased to Rs 369 per sq.ft in 2003, marking a 10% rise. The value rose significantly to Rs 500 per sq.ft in 2007, reflecting a 36% increase. Following this, the value surged to Rs 2,500 per sq.ft in 2012, a remarkable 400% increase. However, it dropped to Rs 1,675 per sq.ft in 2017, showing a decrease of 33%. The 2023 revision set the value at Rs 2,500 per sq.ft, and the latest revision in 2024 has increased it to Rs 2,700 per sq.ft, which is an 8% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 704%. There are no figures available for the revisions in the years not listed in the register.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which is equal to the current rate for Thilagar Street.

• Thidir (Nagar) Street: Rs 2,200 per sq.ft (2024)
• Thidir Nagar All Streets (Gandhi Nagar): Rs 2,200 per sq.ft (2024)
• Thiru Murthy Street: Rs 3,200 per sq.ft (2024)
• Thiruppur Kumaran Street: Rs 3,800 per sq.ft (2024)
• Thiruvalluvarpuram (A) Sri Valluvarpuram: Rs 3,800 per sq.ft (2024)
• Thiruvalluvar Road: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thilagar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. 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 Thilagar Street?

The Sub Registrar Office that covers Thilagar Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are recorded at a fair value.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction. This ensures that the government receives its due revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thilagar Street?

The current guideline value of Thilagar Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 336 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting a total increase of 704% over this period.

What is the land classification for Thilagar Street?

Thilagar Street is classified as Residential Class III Type - II under the current guidelines.

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

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Where is the Sub Registrar Office for Thilagar Street located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, and it covers Thilagar Street.