Guideline Value for THOLKOPPIYAR STREET (N)

Tholkoppiyar Street (N) guideline value

The current guideline value of Tholkoppiyar Street (N) in Panangottur 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 Tholkoppiyar Street (N) has changed

The guideline value for Tholkoppiyar Street (N) has undergone several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,200 per sq.ft. The latest revision in 2024 has increased the value by 10% to Rs 1,320 per sq.ft.

It is important to note that the register has no figures for Tholkoppiyar Street (N) for the years 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 990 per sq.ft, placing Tholkoppiyar Street (N) above this median with its current value of Rs 1,320 per sq.ft.

• Thondaiman Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Thiyagarajar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Thriuvalluvar Street (Village Colony) (Kr): Rs 440 per sq.ft (2024)
• Thiru. V.K. Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thulukkanathamman Koil Street (Ward -18): Rs 660 per sq.ft (2024)
• Thiruvasagar Street (Ward -8): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Tholkoppiyar Street (N)

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 charges to Rs 1,18,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Tholkoppiyar Street (N)?

The Sub Registrar Office that covers Tholkoppiyar Street (N) 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 further assistance.

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

The guideline value plays a crucial role in the registration of property transactions in Panangottur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property. This ensures that the transaction is recorded accurately and legally.

When selling a property, the guideline value can also influence the sale price, as it provides a benchmark for both buyers and sellers. It is essential for all parties involved to be aware of the current guideline value to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Tholkoppiyar Street (N)?

The current guideline value of Tholkoppiyar Street (N) 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.

Which office handles property registrations for Tholkoppiyar Street (N)?

The Chengleput Joint II Sub Registrar Office handles property registrations for Tholkoppiyar Street (N), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What are the stamp duty rates applicable in Panangottur?

The stamp duty rate in Panangottur is 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable.

How is the guideline value determined for properties in Panangottur?

The guideline value for properties in Panangottur is determined by the Registration Department's guideline value register. It varies based on the location and classification of the property.