Guideline Value for THUPPURAVU PANIYALAR KUDIYRUPPU(SATHIYAMOORTHI NAGAR)

Thuppuravu Paniyalar Kudiyaruppu(Sathiyamoorthi Nagar) guideline value

The current guideline value of Thuppuravu Paniyalar Kudiyaruppu(Sathiyamoorthi Nagar) is Rs 2,150 per sq.ft, effective from 1 July 2024. This property is located in Thiruvottiyur village and falls under the Thiruvottiyur SRO, classified as Residential Class I Type - II.

How the guideline value of Thuppuravu Paniyalar Kudiyaruppu(Sathiyamoorthi Nagar) has changed

The guideline value has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 400 per sq.ft, which then increased significantly to Rs 2,000 per sq.ft in 2012, marking a 400% increase. However, it saw a decrease to Rs 1,340 per sq.ft in 2017, which was a reduction of 33%. The value rose again to Rs 2,000 per sq.ft in 2023, followed by the current value of Rs 2,150 per sq.ft in 2024, representing an 8% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 438%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 8,600 per sq.ft, with a median of Rs 3,300 per sq.ft. The guideline value of Thuppuravu Paniyalar Kudiyaruppu(Sathiyamoorthi Nagar) is below this median.

• Thulukkana Naicken Street: Rs 3,700 per sq.ft (2024)
• T.K.B.Nagar: Rs 1,900 per sq.ft (2024)
• T.K.S.Nagar: Rs 1,500 per sq.ft (2024)
• Thiyagi Sathiyamorthi Nagar: Rs 2,800 per sq.ft (2024)
• Thiyagarayapuram: Rs 2,800 per sq.ft (2024)
• Thiryagarajan Street: Rs 3,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thuppuravu Paniyalar Kudiyaruppu(Sathiyamoorthi Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,150 per sq.ft, the total guideline value amounts to Rs 21,50,000. The stamp duty at 7% would be Rs 1,50,500, and the registration fee at 2% would be Rs 43,000, making the total cost Rs 1,93,500. Please note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thuppuravu Paniyalar Kudiyaruppu(Sathiyamoorthi Nagar)?

The Sub Registrar Office that covers Thuppuravu Paniyalar Kudiyaruppu(Sathiyamoorthi Nagar) is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Thiruvottiyur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the government receives appropriate revenue from property transactions.

When registering a property, buyers must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This system helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thuppuravu Paniyalar Kudiyaruppu(Sathiyamoorthi Nagar)?

The current guideline value of Thuppuravu Paniyalar Kudiyaruppu(Sathiyamoorthi Nagar) is Rs 2,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 400 per sq.ft in 2007 to Rs 2,150 per sq.ft in 2024, an overall increase of 438% over the years.

What are the stamp duty rates for properties in Thuppuravu Paniyalar Kudiyaruppu(Sathiyamoorthi Nagar)?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 21,50,000, the stamp duty would amount to Rs 1,50,500.

Which office handles property registrations for Thuppuravu Paniyalar Kudiyaruppu(Sathiyamoorthi Nagar)?

The Thiruvottiyur Sub Registrar Office handles property registrations for Thuppuravu Paniyalar Kudiyaruppu(Sathiyamoorthi Nagar). The office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification of Thuppuravu Paniyalar Kudiyaruppu(Sathiyamoorthi Nagar)?

Thuppuravu Paniyalar Kudiyaruppu(Sathiyamoorthi Nagar) is classified as Residential Class I Type - II.