Guideline Value for THOPPU STREET

Thoppu Street guideline value

The current guideline value of Thoppu Street in Podaturpet village is Rs 300 per sq.ft, effective from 1 July 2024. This street falls under the Pallipattu SRO and is classified as Residential Special Type - III.

How the guideline value of Thoppu Street has changed

The guideline value for Thoppu Street has seen several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 201 per sq.ft. This value increased by 49% to Rs 300 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision, marking a total increase of 49% from 2017 to 2024.

There are no figures available for Thoppu Street in the revisions from 2002, 2003, 2007, and 2012. The 2024 figure of Rs 300 per sq.ft reflects a consistent value since the 2023 revision.

Guideline values in Podaturpet

In Podaturpet, there are 47 streets under the Pallipattu SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 300 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Thoppu Street's 2024 figure above this median.

• Vanaja Vaniga Valagam: Rs 300 per sq.ft (2024)
• Vanivilasa Puram: Rs 100 per sq.ft (2024)
• Vanivilasa Puram Colony: Rs 126 per sq.ft (2024)
• Varadhappa Nagar: Rs 200 per sq.ft (2024)
• Thanga Salai Street: Rs 250 per sq.ft (2024)
• Sri Sairam Avn Nagar: Rs 275 per sq.ft (2024)

Stamp duty and registration fee for property in Thoppu Street

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thoppu Street?

The Sub Registrar Office that covers Thoppu Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Podaturpet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Thoppu Street?

The current guideline value of Thoppu Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thoppu Street has increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023 and 2024, marking a 49% increase over this period.

What is the land classification for Thoppu Street?

Thoppu Street is classified as Residential Special Type - III under the Pallipattu SRO.

Where can I find the registration office for Thoppu Street?

The registration office covering Thoppu Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that transactions are recorded accurately and that the appropriate taxes are collected by the government.