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_C village under the Sriperumpudur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Thalaiyari Street has changed

The guideline value for Thalaiyari Street has seen several revisions over the years. The 2017 revision set the value at Rs 100 per sq.ft. This figure remained unchanged in the 2023 revision, but in 2024, the value was revised to Rs 150 per sq.ft, reflecting a 50% increase from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Therefore, the guideline value remained at Rs 100 per sq.ft from 2017 until the recent revision in 2024, which brought it to Rs 150 per sq.ft, indicating no change from the previous year (2023) to the current year (2024).

Guideline values in Vadakal_C

In Vadakal_C, there are 61 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. The median guideline value for the village is Rs 400 per sq.ft, placing Thalaiyari Street's 2024 figure below this median.

• Theepanji Amman Koil Street: Rs 150 per sq.ft (2024)
• Theruveedhiyamman Koil Street: Rs 150 per sq.ft (2024)
• Sri Vari Nagar: Rs 400 per sq.ft (2024)
• Sri sathya sai Nagar: Rs 500 per sq.ft (2024)
• Tristar City: Rs 150 per sq.ft (2024)
• Sri Ramanuja Residency lay out: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Thalaiyari Street

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. It is important to note that 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 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_C

The guideline value is a crucial factor in the registration process when buying or selling property in Vadakal_C. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the correct revenue based on the property's value.

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 increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2024, which is a 50% increase. There were no changes in the 2023 revision.

What is the median guideline value in Vadakal_C?

The median guideline value in Vadakal_C is Rs 400 per sq.ft. Thalaiyari Street's 2024 figure is below this median.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 13,500, based on the current guideline value. This includes a stamp duty of Rs 10,500 and a registration fee of Rs 3,000.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Thalaiyari Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information by visiting the provided link.