Guideline Value for THIRUMOOLAR STREET (WARD -7)

Thirumoolar Street (Ward -7) guideline value

The current guideline value of Thirumoolar Street (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Sattamangalam 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 most recent revision in 2024 set the value at Rs 1,320 per sq.ft, which reflects a 10% increase from Rs 1,200 per sq.ft in 2023. Prior to that, the value was Rs 804 per sq.ft in 2017, marking a significant 49% increase from the previous revision. The 2012 revision also listed the value at Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, and 2007 for Thirumoolar Street. Overall, comparing the values from 2012 to 2024, there has been an increase of 10%.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Thirumoolar Street's 2024 figure above this median.

• Thirumanagaialwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Thirumurugan Nagar (Per): Rs 660 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 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 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 Thirumoolar Street (Ward -7)?

The Sub Registrar Office that covers Thirumoolar Street (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sattamangalam

The guideline value is a crucial factor in the registration process when buying or selling property in Sattamangalam. It determines the minimum value at which the property can be registered, ensuring transparency in property transactions.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that both the government and the buyer are protected during the transaction.

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 over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, a 10% increase. The value was Rs 804 per sq.ft in 2017, which was a 49% increase from the previous revision.

What is the land classification for Thirumoolar Street?

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

What are the stamp duty and registration fees for property in Thirumoolar Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 13,20,000, the total duty and fees would be Rs 1,18,800.

Where is the Sub Registrar Office for Thirumoolar Street located?

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