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 Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

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

The guideline value for Thirukuralar Street has seen several revisions over the years. In 2012, the value was Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017, showing a decline of 33%. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, 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 a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, and 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)
• Thirumalai Nagar: Rs 660 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)

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, making the total cost for these charges 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 details on these fees.

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

The Sub Registrar Office that covers Thirukuralar Street (Ward -8) is the Chengleput Joint II Sub Registrar Office, 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 Peramanoor

The guideline value is a crucial factor in the registration process when buying or selling property in Peramanoor. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that the transaction is properly documented and legally recognized.

When a property is sold, the guideline value serves as a baseline for calculating these fees. Buyers must be aware that the fees are based on the higher of the guideline value or the actual sale price, which helps maintain transparency in 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?

The guideline value has changed several times, with the most recent increase being from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, a 10% rise. Overall, from 2012 to 2024, the value has increased by 10%.

What is the land classification for Thirukuralar Street?

The land classification for Thirukuralar Street (Ward -8) is Residential Special Type - V, indicating its suitability for residential purposes.

Where can I find the registration office for Thirukuralar Street?

The registration office for Thirukuralar Street (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee Rs 26,400.