Guideline Value for Thantai Peiyar Street

Thantai Peiyar Street guideline value

The current guideline value of Thantai Peiyar Street, located in Periyakuppam village under the Tiruvallur Joint 1 SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - III.

How the guideline value of Thantai Peiyar Street has changed

Over the years, the guideline value of Thantai Peiyar Street has undergone several revisions. The earliest recorded figure is Rs 200 per sq.ft from the 2007 revision. This figure increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, in the 2017 revision, the value dropped to Rs 670 per sq.ft, reflecting a decrease of 33%. The subsequent revisions saw an increase, with the 2023 revision setting the value at Rs 1,000 per sq.ft, followed by a 10% increase to the current value of Rs 1,100 per sq.ft in 2024.

In summary, the guideline value has changed as follows: from Rs 200 in 2007 to Rs 1,100 in 2024, resulting in an overall increase of 450%. Notably, the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO with a guideline value for 2024 ranging from Rs 550 to Rs 3,300 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, which is equal to the current value of Thantai Peiyar Street.

• Thalamuthu Natarajan Street: Rs 1,100 per sq.ft (2024)
• Tamil Nadu Housing Board: Rs 879 per sq.ft (2024)
• Swetha Garden: Rs 879 per sq.ft (2024)
• Swathi 3'rd Street: Rs 550 per sq.ft (2024)
• Swathi 2'nd Street: Rs 550 per sq.ft (2024)
• Swathi 1'st Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Thantai Peiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thantai Peiyar Street?

The Sub Registrar Office that covers Thantai Peiyar Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Periyakuppam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

During the registration process, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thantai Peiyar Street?

The current guideline value of Thantai Peiyar Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, with various revisions in between, including a drop in 2017 and increases in 2023 and 2024.

What is the land classification of Thantai Peiyar Street?

Thantai Peiyar Street is classified as Residential Class I Type - III.

What is the registration office for Thantai Peiyar Street?

The registration office for Thantai Peiyar Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is the stamp duty calculated for properties in Thantai Peiyar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at 7%.