Guideline Value for THIRUMOOLAR STREET (WARD -7)

Thirumoolar Street (Ward -7) guideline value

The current guideline value for Thirumoolar Street (Ward -7) is Rs 1,320 per sq.ft. This street is located in Peramanoor village under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Thirumoolar Street (Ward -7) has changed

The guideline value for Thirumoolar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft. The value then increased to Rs 1,200 per sq.ft in the 2023 revision, before rising to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In terms of percentage changes, the value increased by 49% from 2017 to 2023. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value increased by 10%. The register does not have 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 among these streets is Rs 1,100 per sq.ft, positioning Thirumoolar Street's 2024 guideline value above that median.

• Thirumanagaialwar Street (Ward -5): 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)
• Thirupanalwar Street (Ward -18): Rs 1,320 per sq.ft (2024)
• Thirupavai Street (N): Rs 1,320 per sq.ft (2024)
• Thirupozai Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumoolar Street (Ward -7)

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, while 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 duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator to estimate your fees based on the property value.

Which Sub Registrar Office covers Thirumoolar Street (Ward -7)?

The Sub Registrar Office covering Thirumoolar Street (Ward -7) 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 an essential factor when registering property transactions in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of registration.

Frequently asked questions

What is the current guideline value of Thirumoolar Street (Ward -7)?

The current guideline value of Thirumoolar Street (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed in recent years?

In recent years, the guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, marking a 10% increase. The value also saw a significant increase of 49% from 2017 to 2023.

What is the land classification for Thirumoolar Street (Ward -7)?

Thirumoolar Street (Ward -7) is classified as Residential Special Type - V under the Chengleput Joint II SRO.

Where can I find the Sub Registrar Office for Thirumoolar Street (Ward -7)?

The Sub Registrar Office for Thirumoolar Street (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Thirumoolar Street (Ward -7)?

Stamp duty for properties in Thirumoolar Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total fee of Rs 1,18,800 for stamp duty and registration.