Guideline Value for THIRUMANAGAIALWAR STREET (WARD -5)

Thirumanagaialwar Street (Ward -5) guideline value

The current guideline value of Thirumanagaialwar Street (Ward -5) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village under the Chengleput Joint II SRO and is classified as Residential Special Type - V.

How the guideline value of Thirumanagaialwar Street (Ward -5) has changed

The guideline value for Thirumanagaialwar Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,200 per sq.ft in the 2023 revision, and finally, it has risen to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 is Rs 1,100 per sq.ft, making Thirumanagaialwar Street's 2024 figure of Rs 1,320 per sq.ft above this median.

• Thirumoolar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Thirumurugan Nagar (Per): Rs 661 per sq.ft (2024)
• Thirunavukarasar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Thirumalai Nagar: Rs 660 per sq.ft (2024)
• Thirupanalwar Street (Ward -18): Rs 1,320 per sq.ft (2024)
• Thirupavai Street (N): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumanagaialwar Street (Ward -5)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, resulting in a total of 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 precise calculations.

Which Sub Registrar Office covers Thirumanagaialwar Street (Ward -5)?

The Chengleput Joint II Sub Registrar Office covers Thirumanagaialwar Street (Ward -5). The office is 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 is essential during property transactions as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with the registration requirements set by the local authorities.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees payable. This ensures that both the buyer and seller are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Thirumanagaialwar Street?

The current guideline value of Thirumanagaialwar Street (Ward -5) 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 from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024. This reflects an overall increase of 10% from 2012 to 2024.

What is the land classification for Thirumanagaialwar Street?

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

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which office handles registrations for Thirumanagaialwar Street?

The Chengleput Joint II Sub Registrar Office handles registrations for Thirumanagaialwar Street (Ward -5), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.