Guideline Value for THOLKOPPIYAR STREET (N)

Tholkoppiyar Street (N) guideline value

The current guideline value of Tholkoppiyar Street (N) 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. The land classification for this area is Residential Special Type - V.

How the guideline value of Tholkoppiyar Street (N) has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure remained the same in the subsequent 2017 revision, where it dropped to Rs 804 per sq.ft, marking a decrease of 33%. The 2023 revision saw a significant increase to Rs 1,200 per sq.ft, followed by another increase to Rs 1,320 per sq.ft in the 2024 revision, which is a 10% rise from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The changes between the revisions indicate a 49% rise from 2017 to 2023, reflecting the adjustments made in the guideline values over the years.

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 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 550 per sq.ft (2024)
• Thiru. V.K. Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thiru VI Ka Nagar: Rs 990 per sq.ft (2024)
• Thulukkanathamman Koil Street (Ward -18): Rs 661 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 higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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, in the Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Peramanoor. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value as per the local regulations.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs associated with property transactions. This ensures transparency and compliance with the legal requirements during the registration process.

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

What is the median guideline value for streets in Peramanoor?

The median guideline value for the 430 streets in Peramanoor is Rs 1,100 per sq.ft, with Tholkoppiyar Street (N) being above this median at Rs 1,320 per sq.ft.

What are the stamp duty rates for properties in Tholkoppiyar Street (N)?

The stamp duty rate for properties in Tholkoppiyar Street (N) is 7%, based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Tholkoppiyar Street (N)?

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