Guideline Value for THIRUTHAKKA DEVAR STREET (WARD -5)

Thiruthakka Devar Street (Ward -5) guideline value

The current guideline value of Thiruthakka Devar Street (Ward -5) is Rs 1,321 per sq.ft. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Thiruthakka Devar Street (Ward -5) has changed

Over the years, the guideline value of Thiruthakka Devar Street has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 804 per sq.ft. In 2023, the value increased to Rs 1,200 per sq.ft, and in the latest 2024 revision, it rose again to Rs 1,321 per sq.ft. The register has no figure for this street for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49%, followed by a 10% increase from 2023 to 2024. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values in 2024 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 Thiruthakka Devar Street's current value above this median.

• Thirupozai Street: Rs 1,321 per sq.ft (2024)
• Thirupavai Street (N): Rs 1,321 per sq.ft (2024)
• Thirupanalwar Street (Ward -18): Rs 1,321 per sq.ft (2024)
• Thiruvalluvar Salai (Ward -6): Rs 2,200 per sq.ft (2024)
• Thirunavukarasar Street (Ward -6): Rs 1,321 per sq.ft (2024)
• Thirumurugan Nagar (Per): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruthakka Devar Street (Ward -5)

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. Together, the total fees would be Rs 1,18,890. 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 for more details.

Which Sub Registrar Office covers Thiruthakka Devar Street (Ward -5)?

The Sub Registrar Office that covers Thiruthakka Devar Street (Ward -5) 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 Ninna Karai

The guideline value is a crucial factor when buying or selling property in Ninna Karai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transactions are transparent and fair.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thiruthakka Devar Street (Ward -5)?

The current guideline value of Thiruthakka Devar Street (Ward -5) 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 1,200 per sq.ft in 2023 to Rs 1,321 per sq.ft in 2024, marking a 10% increase. It decreased from Rs 1,200 in 2012 to Rs 804 in 2017, then increased to Rs 1,200 in 2023.

What is the median guideline value in Ninna Karai?

The median guideline value for streets in Ninna Karai is Rs 1,100 per sq.ft. Thiruthakka Devar Street's current value is above this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 13,21,000, the stamp duty would be Rs 92,470 and the registration fee would be Rs 26,420, totaling Rs 1,18,890. The duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for Thiruthakka Devar Street (Ward -5)?

The Chengleput Joint II Sub Registrar Office handles registrations for Thiruthakka Devar Street (Ward -5). It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.