Guideline Value for Thabalmedu

Thabalmedu guideline value

The current guideline value of Thabalmedu, located in Mambakkam village under the Sunguvarchattram SRO, is Rs 305 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Thabalmedu has changed

The guideline value for Thabalmedu has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2023 revision. However, the 2017 revision marked a decrease to Rs 201 per sq.ft, before increasing to Rs 300 per sq.ft in 2023. The current 2024 revision has increased the value to Rs 305 per sq.ft, reflecting a 2% rise from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it rose significantly by 49%. Overall, the guideline value has increased by 2% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mambakkam

In Mambakkam, there are 39 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,418 per sq.ft. The median value is Rs 305 per sq.ft, which aligns with the current guideline value of Thabalmedu.

• TheruVeethiamman Kovil Street: Rs 275 per sq.ft (2024)
• Sri umariamman Kovil Street: Rs 200 per sq.ft (2024)
• Sri Renugambal Nagar: Rs 505 per sq.ft (2024)
• Uratchimandra Aluvalaga street: Rs 250 per sq.ft (2024)
• VairaKula Street: Rs 305 per sq.ft (2024)
• Srinivasapuram: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Thabalmedu

For a 1,000 sq.ft plot at the current guideline value of Rs 305 per sq.ft, the total guideline value amounts to Rs 3,05,000. The stamp duty, charged at 7%, would be Rs 21,350, while the registration fee at 2% would be Rs 6,100, leading to a total of Rs 27,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thabalmedu?

The Sub Registrar Office that covers Thabalmedu is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Mambakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and fairly in the official register.

Frequently asked questions

What is the current guideline value of Thabalmedu?

The current guideline value of Thabalmedu is Rs 305 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023, and finally to Rs 305 per sq.ft in 2024.

What is the land classification for Thabalmedu?

The land classification for Thabalmedu is Residential Class I Type - I.

What are the stamp duty and registration fees for properties in Thabalmedu?

For a property valued at Rs 3,05,000, the stamp duty is Rs 21,350 and the registration fee is Rs 6,100, totaling Rs 27,450.

Which office handles property registrations for Thabalmedu?

The Sunguvarchattram Sub Registrar Office handles property registrations for Thabalmedu, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram.