Guideline Value for Thanthoniamman Kovil Street

Thanthoniamman Kovil Street guideline value

The current guideline value of Thanthoniamman Kovil Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Palnalloor village under the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

How the guideline value of Thanthoniamman Kovil Street has changed

The guideline value for Thanthoniamman Kovil Street has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 250 per sq.ft. The 2017 revision recorded a lower value of Rs 167 per sq.ft, reflecting a decrease of 33% from the previous 2012 figure. The 2024 revision has maintained the value at Rs 250 per sq.ft, showing no change from the 2023 revision.

Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable, with an overall change of 0%.

Guideline values in Palnalloor

In Palnalloor, there are 34 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 471 per sq.ft, with a median value of Rs 200 per sq.ft. Thanthoniamman Kovil Street's 2024 figure of Rs 250 per sq.ft is above this median.

• TheruVeethiamman Kovil North Street: Rs 175 per sq.ft (2024)
• TheruVeethiamman Kovil Street: Rs 175 per sq.ft (2024)
• Thirumallai Nagar: Rs 200 per sq.ft (2024)
• TV Room Street: Rs 175 per sq.ft (2024)
• Sri Balaji Nagar: Rs 200 per sq.ft (2024)
• VGP Vinoth Town: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Thanthoniamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty, charged at 7%, would be Rs 17,500, and the registration fee, charged at 2%, would be Rs 5,000. Together, the total fees would be Rs 22,500. Note that the 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 details.

Which Sub Registrar Office covers Thanthoniamman Kovil Street?

The Sub Registrar Office that covers Thanthoniamman Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Palnalloor. It determines the minimum value at which the property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thanthoniamman Kovil Street?

The current guideline value of Thanthoniamman Kovil Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2012 to 2024, with a decrease to Rs 167 per sq.ft in 2017, followed by a return to Rs 250 per sq.ft in 2023 and 2024.

What is the land classification of Thanthoniamman Kovil Street?

Thanthoniamman Kovil Street is classified as Residential Class I Type - I under the guideline value register.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Thanthoniamman Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at Rs 250 per sq.ft incurs a total guideline value of Rs 2,50,000, leading to specific fees based on this value.