Guideline Value for THILLAIPURAM

Thillaipuram guideline value

The current guideline value of Thillaipuram, located in Manali village under the Thiruvottiyur SRO, is Rs 1,200 per sq.ft, effective from 1 July 2024. This area falls under the Residential Special Type - II land classification.

How the guideline value of Thillaipuram has changed

The guideline value for Thillaipuram has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 84 per sq.ft. It increased to Rs 96 per sq.ft in 2003, marking a 14% rise. The value then jumped to Rs 200 per sq.ft in 2007, reflecting a significant increase of 108%. In 2012, the guideline value was Rs 1,100 per sq.ft, a substantial increase of 450% from the previous revision. However, this value decreased by 33% to Rs 737 per sq.ft in 2017. The 2023 revision saw the guideline value rise to Rs 1,100 per sq.ft, which was a 49% increase. Finally, the current 2024 revision has set the guideline value at Rs 1,200 per sq.ft, marking a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,329%. There are no figures available for revisions in years other than those specified.

Guideline values in Manali

In Manali village, there are 84 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,200 per sq.ft, which is equal to the current value for Thillaipuram.

• Thillapuram Ist Street To 3rd Street: Rs 1,200 per sq.ft (2024)
• Thamaraikulam Street: Rs 1,500 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,500 per sq.ft (2024)
• Thiruvenkadam Street: Rs 1,200 per sq.ft (2024)
• Thiru.VI.Ka Street: Rs 1,200 per sq.ft (2024)
• Sundaram Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thillaipuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thillaipuram?

The Thiruvottiyur Sub Registrar Office covers Thillaipuram. The office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Manali. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it impacts the overall cost of property transactions. It ensures that the property is valued fairly according to the current regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Thillaipuram?

The current guideline value of Thillaipuram is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 84 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, reflecting an overall increase of 1,329% over the years.

What are the stamp duty and registration fees for property in Thillaipuram?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Which Sub Registrar Office covers Thillaipuram?

The Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019, covers Thillaipuram.

What is the land classification for Thillaipuram?

Thillaipuram falls under the Residential Special Type - II land classification, which is important for understanding zoning and property use regulations.