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 1,320 per sq.ft, effective from 1 July 2024. This street is located in Sattamangalam 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

The guideline value for Thiruthakka Devar Street has undergone several revisions over the years. The earliest recorded value is from 2012, which was Rs 1,200 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased by 33% to Rs 804 per sq.ft. The value then increased significantly by 49% to Rs 1,200 per sq.ft in 2023. The latest revision in 2024 saw a further increase of 10%, bringing the current value to Rs 1,320 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Thiruthakka Devar Street. Overall, from 2012 to 2024, the guideline value has increased by 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 for these streets is Rs 1,100 per sq.ft, placing Thiruthakka Devar Street's 2024 figure above this median.

• Thirupozai Street: Rs 1,320 per sq.ft (2024)
• Thirupavai Street (N): Rs 1,320 per sq.ft (2024)
• Thirupanalwar Street (Ward -18): Rs 1,320 per sq.ft (2024)
• Thiruvalluvar Salai (Ward -6): Rs 2,200 per sq.ft (2024)
• Thirunavukarasar Street (Ward -6): Rs 1,320 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 1,320 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 fees together 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 accurate calculations.

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. To find your specific SRO, you can visit find your SRO.

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

The guideline value is an essential factor in the registration process when buying or selling property in Sattamangalam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

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 1,320 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 Thiruthakka Devar Street?

The land classification for Thiruthakka Devar Street (Ward -5) is Residential Special Type - V.

What are the stamp duty and registration fees for properties in Thiruthakka Devar Street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800 based on the current guideline value.

Which office handles property registrations for Thiruthakka Devar Street?

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