Guideline Value for THOPPUSTREET

Thoppustreet guideline value

The current guideline value of Thoppustreet is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Kodivalasa village, under the Pallipattu SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thoppustreet has changed

Over the years, the guideline value of Thoppustreet has undergone several revisions. In 2007, the value was Rs 85 per sq.ft, which increased significantly to Rs 250 per sq.ft in 2012, marking a 194% increase. However, in 2017, the value dropped to Rs 167 per sq.ft, reflecting a decrease of 33%. The value then rose again to Rs 250 per sq.ft in 2023 and remained the same in the 2024 revision, showing no change between these two years.

The revisions for the years 2002 and 2003 have no figures available for Thoppustreet in the register. Overall, from 2007 to 2024, the guideline value has increased by 194%.

Guideline values in Kodivalasa

In Kodivalasa, there are 17 streets under the Pallipattu SRO with a 2024 guideline value ranging from Rs 175 to Rs 250 per sq.ft, with a median value of Rs 200 per sq.ft. Thoppustreet's 2024 figure of Rs 250 per sq.ft is above this median.

• Sundrareswararnagar: Rs 200 per sq.ft (2024)
• Senthilnagar: Rs 175 per sq.ft (2024)
• Santhusteeet: Rs 200 per sq.ft (2024)
• Ramannastreet: Rs 200 per sq.ft (2024)
• PILLYARKOIL St.,: Rs 200 per sq.ft (2024)
• Ottavadaistreet: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Thoppustreet

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thoppustreet?

Thoppustreet falls under 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 details.

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

The guideline value is a critical factor during property registration in Kodivalasa. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thoppustreet?

The current guideline value of Thoppustreet is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 85 per sq.ft to Rs 250 per sq.ft in 2012, then decreased to Rs 167 per sq.ft in 2017, and returned to Rs 250 per sq.ft in 2023 and 2024.

What is the land classification for Thoppustreet?

Thoppustreet is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Thoppustreet?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which office handles registrations for Thoppustreet?

The Pallipattu Sub Registrar Office handles registrations for Thoppustreet, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.