Guideline Value for THIRUPANALWAR STREET (WARD -18)

Thirupanalwar Street (Ward -18) guideline value

The current guideline value of Thirupanalwar Street (Ward -18) is Rs 1,321 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Thirupanalwar Street (Ward -18) has changed

The guideline value for Thirupanalwar Street has undergone several revisions over the years. The 2024 revision sets the value at Rs 1,321 per sq.ft, an increase of 10% from the 2023 revision of Rs 1,200 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 804 per sq.ft, marking a significant increase of 49% from the previous 2012 revision, which was Rs 1,200 per sq.ft. Notably, the register has no figures for this street for the years 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%. The fluctuations in values highlight the changes in the real estate landscape, with the most recent figure reflecting a stable upward trend in the latest revision.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Thirupanalwar Street's 2024 figure above that median.

• Thirupavai Street (N): Rs 1,321 per sq.ft (2024)
• Thirunavukarasar Street (Ward -6): Rs 1,321 per sq.ft (2024)
• Thirupozai Street: Rs 1,321 per sq.ft (2024)
• Thirumurugan Nagar (Per): Rs 660 per sq.ft (2024)
• Thiruthakka Devar Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Thirumoolar Street (Ward -7): Rs 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Thirupanalwar Street (Ward -18)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,321 per sq.ft, the total guideline value would be Rs 13,21,000. The stamp duty at 7% would amount to Rs 92,470, while the registration fee at 2% would be Rs 26,420, bringing the total fees together to Rs 1,18,890. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirupanalwar Street (Ward -18)?

The Sub Registrar Office that covers Thirupanalwar Street (Ward -18) 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 details.

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

The guideline value serves as a benchmark for property transactions in Ninna Karai, ensuring that properties are registered at a value that reflects the current market conditions as determined by the government. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

It is crucial for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. The registration process requires adherence to these values to ensure compliance with local regulations and to avoid any legal issues during property transfers.

Frequently asked questions

What is the current guideline value of Thirupanalwar Street (Ward -18)?

The current guideline value of Thirupanalwar Street (Ward -18) is Rs 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,321 per sq.ft in 2024, reflecting an overall increase of 10% from 2012 to 2024.

What is the land classification for Thirupanalwar Street?

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

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

For a 1,000 sq.ft plot, the total guideline value is Rs 13,21,000, with stamp duty at Rs 92,470 and registration fees at Rs 26,420, totaling Rs 1,18,890.

Where is the Sub Registrar Office for Thirupanalwar Street located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.