Guideline Value for THOLKOPPIYAR STREET (N)

Tholkoppiyar Street (N) guideline value

The current guideline value of Tholkoppiyar Street (N) in Sattamangalam 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

Over the years, the guideline value of Tholkoppiyar Street (N) has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was a decrease of 33% from Rs 804 per sq.ft in the 2017 revision. The value then increased to Rs 1,200 per sq.ft in 2023, before rising to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% increase.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Sattamangalam

In Sattamangalam village, there are 425 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, making the guideline value of Tholkoppiyar Street (N) above this median.

• 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 amounts to Rs 13,20,000. The stamp duty, calculated at 7%, would be Rs 92,400, while the registration fee at 2% would be Rs 26,400. Together, the total cost for stamp duty and registration fee would be 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 detailed calculations.

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 information.

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

The guideline value plays a crucial role in the registration process of property transactions in Sattamangalam. When buying or selling property, the guideline value is used to determine the stamp duty payable, which is calculated based on the higher of the guideline value or the sale price.

Understanding the guideline value is essential for both buyers and sellers, as it impacts the overall costs involved in property transactions. It is advisable to check the latest guideline values before proceeding with any property dealings.

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 2023 to Rs 1,320 per sq.ft in 2024, which is a 10% increase. From 2012 to 2024, the overall change is an increase of 10%.

Which Sub Registrar Office covers Tholkoppiyar Street (N)?

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

What is the median guideline value in Sattamangalam?

The median guideline value in Sattamangalam is Rs 1,100 per sq.ft. Tholkoppiyar Street (N) has a guideline value above this median.

How is stamp duty calculated for properties in Tholkoppiyar Street (N)?

Stamp duty for properties in Tholkoppiyar Street (N) is calculated at 7% of the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 92,400.