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_B village, under the jurisdiction of the Sriperumpudur SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Thalaiyari Street has changed

In the 2017 revision, the guideline value for Thalaiyari Street was Rs 100 per sq.ft. This figure remained unchanged in the 2023 revision, where it continued to be Rs 150 per sq.ft. With the 2024 revision, the guideline value remains at Rs 150 per sq.ft, indicating no percentage change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%. The consistent figure from 2023 to 2024 shows a change of +0% as the rate has not fluctuated during this period.

Guideline values in Vadakal_B

In Vadakal_B village, there are 34 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,900 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, placing Thalaiyari Street's 2024 figure below that 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, and the registration fee at 2% would be Rs 3,000, resulting in a total of Rs 13,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the 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 more information.

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

The guideline value is a crucial factor when registering property in Vadakal_B. It determines the minimum value at which property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty payable. Buyers must be aware that the duty is charged on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

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 2023, showing no change from the previous year. However, it increased from Rs 100 per sq.ft in 2017, marking a 50% increase overall from 2017 to 2024.

What is the median guideline value of streets in Vadakal_B?

The median guideline value for the 34 streets in Vadakal_B is Rs 300 per sq.ft. Thalaiyari Street's 2024 figure is below this median.

What are the registration fees for property in Thalaiyari Street?

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500, and the registration fee would be Rs 3,000, totaling Rs 13,500. This is based on the current guideline value.

Where is the Sub Registrar Office for Thalaiyari Street located?

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