Guideline Value for THIRUKURALAR STREET (WARD -8)

Thirukuralar Street (Ward -8) guideline value

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

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

Looking back at the revisions, the guideline value for Thirukuralar Street was Rs 1,200 per sq.ft in 2023, which increased to Rs 1,320 per sq.ft in 2024, reflecting a change of +10%. Prior to that, in 2017, the value was Rs 804 per sq.ft, showing a significant increase of +49% to reach the 2023 figure. The 2012 revision also recorded a value of Rs 1,200 per sq.ft, which was a decrease of -33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +10%.

The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur village, there are 419 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 990 per sq.ft. Thirukuralar Street's 2024 figure of Rs 1,320 per sq.ft is above this median.

• Thirukoodarasappar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Thirukkural Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thirugnanasambanthar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Thilagar Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thirumanagaialwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Thenral Nagar (Kr): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Thirukuralar 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 amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

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

The Chengleput Joint II Sub Registrar Office covers Thirukuralar Street (Ward -8). The office is 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 Panangottur

The guideline value plays a crucial role in the registration process when buying or selling property in Panangottur. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Thirukuralar Street (Ward -8) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen various changes, with the most recent being an increase from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024. Overall, from 2012 to 2024, the value has increased by 10%.

What are the other streets in Panangottur with the same guideline value?

Other streets in Panangottur that share the same guideline value of Rs 1,320 per sq.ft in 2024 include Thirukoodarasappar Street (Ward -7), Thirugnanasambanthar Street (Ward -6), Thilagar Street (Ward -8), and Thirumanagaialwar Street (Ward -5).

What fees are associated with buying property on Thirukuralar Street?

When purchasing property on Thirukuralar Street, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher. For example, for a plot of 1,000 sq.ft, the total fees would amount to Rs 1,18,800.

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

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