Guideline Value for THIRUGNANASAMBANTHAR STREET (WARD -6)

Thirugnanasambanthar Street (Ward -6) guideline value

The current guideline value of Thirugnanasambanthar Street (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Thirugnanasambanthar Street (Ward -6) has changed

The guideline value for Thirugnanasambanthar Street has seen several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft. This figure remained unchanged until the next revision in 2017, where it decreased to Rs 804 per sq.ft. The value then increased significantly to Rs 1,200 per sq.ft in 2023, before reaching the current value of Rs 1,320 per sq.ft in 2024. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The latest revision from 2023 to 2024 reflects a 10% increase. Overall, comparing the figures 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, with guideline values 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 Thirugnanasambanthar Street's 2024 figure above this median.

• Thirukkural Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thilagar Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thirukoodarasappar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Thirukuralar Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thenral Nagar (Kr): Rs 661 per sq.ft (2024)
• Thirumalai Nagar: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Thirugnanasambanthar Street (Ward -6)

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 amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirugnanasambanthar Street (Ward -6)?

The Sub Registrar Office that covers Thirugnanasambanthar Street (Ward -6) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 plays a crucial role in the registration process of property transactions in Peramanoor. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the registration reflects the fair value of the property.

When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications involved in the transaction, making it a transparent process.

Frequently asked questions

What is the current guideline value of Thirugnanasambanthar Street?

The current guideline value of Thirugnanasambanthar Street (Ward -6) 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 several times, starting from Rs 1,200 per sq.ft in 2012, decreasing to Rs 804 per sq.ft in 2017, then rising to Rs 1,200 per sq.ft in 2023, and finally reaching Rs 1,320 per sq.ft in 2024.

What is the land classification for Thirugnanasambanthar Street?

Thirugnanasambanthar Street is classified as Residential Special Type - V under the Chengleput Joint II SRO.

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.

How is the stamp duty calculated for properties in Thirugnanasambanthar Street?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 92,400.