Guideline Value for THIRUPANALWAR STREET (WARD -18)

Thirupanalwar Street (Ward -18) guideline value

The current guideline value of Thirupanalwar Street (Ward -18) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO with a land classification of Residential Special Type - V.

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

Over the years, the guideline value of Thirupanalwar Street has seen several revisions. 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, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 1,320 per sq.ft, representing a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, and 2007 for Thirupanalwar Street. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that have 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, placing Thirupanalwar Street's 2024 figure above this median.

• Thirupavai Street (N): Rs 1,320 per sq.ft (2024)
• Thirunavukarasar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Thirupozai Street: Rs 1,320 per sq.ft (2024)
• Thirumurugan Nagar (Per): Rs 661 per sq.ft (2024)
• Thiruthakka Devar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Thirumoolar Street (Ward -7): Rs 1,320 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 rate of Rs 1,320 per sq.ft, the 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 to Rs 1,18,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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 information.

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

The guideline value plays a crucial role when buying or selling property in Peramanoor. It serves as a reference point for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the sale, as these fees are based on the higher of the guideline value or the actual sale price.

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 1,320 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 increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification of Thirupanalwar Street (Ward -18)?

Thirupanalwar Street (Ward -18) is classified as Residential Special Type - V.

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

The Chengleput Joint II Sub Registrar Office covers the registration for Thirupanalwar Street (Ward -18), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How are stamp duty and registration fees calculated for properties in Thirupanalwar Street (Ward -18)?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is 2% of the guideline value. These fees are based on the higher of the guideline value or the sale price of the property.