Guideline Value for Tharani Grand

Tharani Grand guideline value

The current guideline value of Tharani Grand is Rs 500 per sq.ft, effective from 1 July 2024. This property is located in Mannoor village, under the Sriperumpudur SRO, and falls under the Residential Special Type - II land classification.

How the guideline value of Tharani Grand has changed

The guideline value for Tharani Grand has undergone several revisions over the years. In 2012, the value was set at Rs 500 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft. The 2023 revision brought the value back to Rs 500 per sq.ft, and the same value was maintained in the 2024 revision, showing a 49% increase from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has remained constant.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Thus, the only revisions that impact the current guideline value are from 2012, 2017, 2023, and 2024.

Guideline values in Mannoor

In Mannoor village, there are 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,500 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Tharani Grand's 2024 figure above that median.

• Thirumurugan Nagar: Rs 200 per sq.ft (2024)
• Thiru Nagar: Rs 250 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 250 per sq.ft (2024)
• Udhaya Dinesh Nagar: Rs 200 per sq.ft (2024)
• Vairavar Nagar: Rs 200 per sq.ft (2024)
• Veeralaxmi Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Tharani Grand

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, resulting in a total of Rs 45,000. It is essential to note that the 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 Tharani Grand?

The Tharani Grand property is covered by 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 Mannoor

The guideline value plays a crucial role during the registration process when buying or selling property in Mannoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the higher of the guideline value or the sale price is considered for calculating the stamp duty. This ensures that the government receives the appropriate revenue based on the property's value at the time of sale.

Frequently asked questions

What is the current guideline value of Tharani Grand?

The current guideline value of Tharani Grand is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is 0%.

What is the land classification of Tharani Grand?

Tharani Grand is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for Tharani Grand?

The Sub Registrar Office covering Tharani Grand is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Mannoor?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 5,00,000 would incur a stamp duty of Rs 35,000 at 7%.