Guideline Value for THIRISOOLAM MOOVARASAMPATTU MAIN ROAD

Thirisoolam Moovarasampattu Main Road guideline value

The current guideline value of Thirisoolam Moovarasampattu Main Road is Rs 1,980 per sq.ft, effective from 1 July 2024. This road is located in Thirusulam village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Thirisoolam Moovarasampattu Main Road has changed

The guideline value for this road has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, but it decreased significantly to Rs 1,675 per sq.ft in 2017, marking a drop of 33%. The value then increased to Rs 1,800 per sq.ft in 2023, a rise of 7%, and has further increased to the current figure of Rs 1,980 per sq.ft in 2024, reflecting a 10% increase.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has decreased by 21%.

Guideline values in Thirusulam

In Thirusulam village, 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. The median value for these streets is Rs 1,940 per sq.ft, placing Thirisoolam Moovarasampattu Main Road above this median.

• Thirisoolam Colony: Rs 1,100 per sq.ft (2024)
• Thangapilliyar Koil Street: Rs 1,320 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 Thirisoolam Moovarasampattu Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thirisoolam Moovarasampattu Main Road?

The Thirisoolam Moovarasampattu Main Road falls under 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 plays a crucial role during property transactions, as it is used to determine the stamp duty and registration fees. When a property is bought or sold, the guideline value is considered to ensure that the appropriate fees are collected based on the property's value.

In addition to the fees, the guideline value can also influence the overall transaction process, as it serves as a benchmark for property valuations in the area. Buyers and sellers should be aware of the current guideline value to ensure they are making informed decisions during the transaction.

Frequently asked questions

What is the current guideline value of Thirisoolam Moovarasampattu Main Road?

The current guideline value of Thirisoolam Moovarasampattu Main Road is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and currently stands at Rs 1,980 per sq.ft in 2024.

What is the median guideline value for streets in Thirusulam?

The median guideline value for streets in Thirusulam is Rs 1,940 per sq.ft, with Thirisoolam Moovarasampattu Main Road being above this median at Rs 1,980 per sq.ft.

What are the stamp duty and registration fees for a property in Thirisoolam Moovarasampattu Main Road?

For a 1,000 sq.ft plot, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200 based on the current guideline value.

Which office handles registrations for properties in Thirisoolam?

The Pallavaram Sub Registrar Office handles registrations for properties in Thirisoolam Moovarasampattu Main Road, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.