Guideline Value for THIRUPOZAI STREET

Thirupozai Street guideline value

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

How the guideline value of Thirupozai Street has changed

The guideline value for Thirupozai Street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,200 per sq.ft. This value remained the same until the next revision in 2017, where it decreased to Rs 804 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 1,200 per sq.ft in 2023, and further rose to Rs 1,320 per sq.ft in 2024, reflecting a 10% increase.

Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for Thirupozai Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Thirupozai Street's 2024 figure above that median.

• Thirupavai Street (N): Rs 1,320 per sq.ft (2024)
• Thirupanalwar Street (Ward -18): Rs 1,320 per sq.ft (2024)
• Thiruthakka Devar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Thirunavukarasar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Thirumurugan Nagar (Per): Rs 661 per sq.ft (2024)
• Thirumoolar Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thirupozai Street

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, totaling 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 details.

Which Sub Registrar Office covers Thirupozai Street?

The Sub Registrar Office that covers Thirupozai Street is the Chengleput Joint II Sub Registrar Office, 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 a crucial factor during property transactions in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property. Buyers and sellers should be aware that the guideline value is considered during registration, ensuring that the correct fees are applied based on the property's value.

When purchasing property, it is essential to check the guideline value to understand the financial implications, including the stamp duty and registration fees. This ensures that all legal requirements are met, and the transaction proceeds smoothly.

Frequently asked questions

What is the current guideline value of Thirupozai Street?

The current guideline value of Thirupozai Street 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 for Thirupozai Street?

Thirupozai Street is classified as Residential Special Type - V.

What are the other streets in Peramanoor with similar guideline values?

Other streets in Peramanoor with a guideline value of Rs 1,320 per sq.ft include Thirupavai Street (N), Thirupanalwar Street (Ward -18), Thiruthakka Devar Street (Ward -5), Thirunavukarasar Street (Ward -6), and Thirumoolar Street (Ward -7).

Where can I find the Chengleput Joint II Sub Registrar Office?

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