Guideline Value for Thalaiyari Street

Thalaiyari Street guideline value

The current guideline value of Thalaiyari Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Vadakal village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Thalaiyari Street has changed

Over the years, the guideline value of Thalaiyari Street has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2024 revision. The 2017 revision marked a decrease to Rs 100 per sq.ft, but this was followed by an increase of 50% to Rs 150 per sq.ft in the 2023 revision. There are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2024, the overall guideline value has remained stable at Rs 150 per sq.ft. The most recent revision from 2023 to 2024 saw no change, maintaining the value at Rs 150 per sq.ft.

Guideline values in Vadakal

In Vadakal village, there are 31 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft. The median value for these streets is Rs 300 per sq.ft, indicating that Thalaiyari Street's current figure is below this median.

• Theepanji Amman Koil Street: Rs 150 per sq.ft (2024)
• Theruveedhiyamman Koil Street: Rs 150 per sq.ft (2024)
• Sri sathya sai Nagar: Rs 500 per sq.ft (2024)
• Tristar City: Rs 150 per sq.ft (2024)
• Sriperumpudur Chengalpattu Road: Rs 600 per sq.ft (2024)
• Vasantham Nagar: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Thalaiyari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, while the registration fee at 2% would be Rs 3,000. Together, these fees would total Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thalaiyari Street?

The Sub Registrar Office that covers Thalaiyari Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property in Vadakal. It serves as a benchmark for determining the minimum sale price of a property, ensuring that all transactions are conducted at a fair value as prescribed by the government.

When buying or selling property, the guideline value will influence the stamp duty and registration fees that need to be paid. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thalaiyari Street?

The current guideline value of Thalaiyari Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft since 2012, with a decrease to Rs 100 per sq.ft in 2017, followed by an increase back to Rs 150 per sq.ft in 2023. There have been no changes from 2023 to 2024.

What are the other streets in Vadakal with their guideline values?

Other streets in Vadakal include Theepanji Amman Koil Street and Theruveedhiyamman Koil Street, both at Rs 150 per sq.ft. Other notable streets include Sri sathya sai Nagar at Rs 500 per sq.ft and Vasantham Nagar at Rs 750 per sq.ft.

What is the stamp duty for properties in Thalaiyari Street?

The stamp duty for properties in Thalaiyari Street is calculated at 7% of the guideline value. For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500.

Where can I find the Sub Registrar Office for Thalaiyari Street?

The Sub Registrar Office for Thalaiyari Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles all property registrations for the area.