Guideline Value for Thalaiyari Poigai Salai

Thalaiyari Poigai Salai guideline value

The current guideline value of Thalaiyari Poigai Salai is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Mamallapuram village, under the Thirukazhukundram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Thalaiyari Poigai Salai has changed

Over the years, the guideline value of Thalaiyari Poigai Salai has seen several revisions. The most recent revision in 2024 set the value at Rs 825 per sq.ft, an increase from Rs 750 per sq.ft in 2023, marking a 10% rise. Prior to that, the 2017 revision had the value at Rs 502 per sq.ft, which represented a significant 49% increase from the 2017 figure to the 2023 figure. The 2012 revision also recorded a value of Rs 750 per sq.ft, indicating a decrease of 33% when compared to the 2017 value. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Thalaiyari Poigai Salai. The 2012 figure was Rs 750 per sq.ft, and the 2017 figure was Rs 502 per sq.ft, before the subsequent increases in the following revisions.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO with a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft. The median guideline value for these streets is Rs 935 per sq.ft, placing Thalaiyari Poigai Salai's 2024 figure below this median.

• Thayagam Street: Rs 825 per sq.ft (2024)
• Thillaiyadiammai Street: Rs 825 per sq.ft (2024)
• Thirukalukundram Salai: Rs 1,545 per sq.ft (2024)
• Thirukalukundram Salai 1st Cross Street: Rs 1,215 per sq.ft (2024)
• Thirukalukundram Salai 2st Cross Street: Rs 1,215 per sq.ft (2024)
• Thirukalukundram Salai 3st Cross Street: Rs 1,215 per sq.ft (2024)

Stamp duty and registration fee for property in Thalaiyari Poigai Salai

For a 1,000 sq.ft plot at the current rate of Rs 825 per sq.ft, the guideline value amounts to Rs 8,25,000. The stamp duty, calculated at 7%, would be Rs 57,750, and the registration fee at 2% would be Rs 16,500. Together, this results in a total cost of Rs 74,250. 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 Thalaiyari Poigai Salai?

The Thalaiyari Poigai Salai falls under the jurisdiction of the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Mamallapuram. It is used to determine the stamp duty and registration fees payable at the time of property registration, ensuring that the transaction is recorded accurately according to the prevailing rates.

When buying or selling property, the guideline value helps establish a fair basis for taxation and registration fees. Buyers and sellers should be aware of the current guideline value to ensure compliance with the legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Thalaiyari Poigai Salai?

The current guideline value of Thalaiyari Poigai Salai is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2023 to Rs 825 per sq.ft in 2024, a 10% increase. The value was Rs 502 per sq.ft in 2017 and Rs 750 per sq.ft in 2012.

What is the classification of land in Thalaiyari Poigai Salai?

Thalaiyari Poigai Salai is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Thalaiyari Poigai Salai?

The Sub Registrar Office covering Thalaiyari Poigai Salai is located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, on a plot valued at Rs 8,25,000, the stamp duty would be Rs 57,750 at a rate of 7%.