Guideline Value for Thandu Mariamman Kovil St

Thandu Mariamman Kovil St guideline value

The current guideline value of Thandu Mariamman Kovil St is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in S. Kullathur village, under the Pallavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Thandu Mariamman Kovil St has changed

The guideline value for Thandu Mariamman Kovil St has undergone several revisions over the years. In 2007, the value was set at Rs 1,806 per sq.ft, which increased to Rs 2,300 per sq.ft in 2012. However, this figure saw a decline in 2017, dropping to Rs 1,541 per sq.ft. The value then rose significantly to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft from the 2024 revision. Notably, the register has no figures for the years 2002 and 2003.

Between these revisions, the changes are as follows: from 2012 to 2017, there was a decrease of 33%. The value increased by 30% from 2017 to 2023, and then by 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 22%.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, placing Thandu Mariamman Kovil St's 2024 figure below that median.

• Thamizhkudimagan Nagar: Rs 4,400 per sq.ft (2024)
• Tamilkudimagan Nagar 1 To 5 Streets: Rs 4,400 per sq.ft (2024)
• Thiru Nagar: Rs 4,400 per sq.ft (2024)
• Thiru Nagar Extn: Rs 4,400 per sq.ft (2024)
• Unmai Nagar Exten.(Engineers Avenue): Rs 3,300 per sq.ft (2024)
• Vendhan Nagar 1 To 4 Streets: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thandu Mariamman Kovil St

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty, charged at 7%, would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, these fees would total Rs 1,98,000. 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 Thandu Mariamman Kovil St?

The Sub Registrar Office covering Thandu Mariamman Kovil St is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value is a crucial factor in the registration process of property transactions in S. Kullathur. When buying or selling property, the guideline value determines the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately and legally in the property register.

It is essential for both buyers and sellers to be aware of the current guideline value, as it directly impacts the financial aspects of the transaction. Understanding the guideline value helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Thandu Mariamman Kovil St?

The current guideline value of Thandu Mariamman Kovil St is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,806 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, with various revisions in between, including a drop to Rs 1,541 per sq.ft in 2017.

What is the land classification for Thandu Mariamman Kovil St?

Thandu Mariamman Kovil St is classified as Residential Class III Type - I.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Thandu Mariamman Kovil St?

The registrations for Thandu Mariamman Kovil St are handled by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.