Guideline Value for Thazhampoo Street

Thazhampoo Street guideline value

The current guideline value of Thazhampoo Street in Araneri village, under the Sriperumpudur SRO, is Rs 300 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Special Type - I.

How the guideline value of Thazhampoo Street has changed

Over the years, the guideline value of Thazhampoo Street has seen several revisions. The earliest recorded revision is from 2012, where the guideline value was Rs 300 per sq.ft. This remained unchanged in the subsequent revisions of 2017, 2023, and the upcoming 2024 revision. The 2017 revision marked a significant increase of 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023. However, the value did not change from 2023 to 2024, indicating a 0% change between these two revisions.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Thazhampoo Street. Overall, comparing the 2012 revision to the 2024 revision, there has been no change in the guideline value, remaining at Rs 300 per sq.ft.

Guideline values in Araneri

In Araneri village, there are nine streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 150 to Rs 471 per sq.ft. The median value among these streets is Rs 300 per sq.ft, which is equal to the guideline value of Thazhampoo Street.

• Vadamalli Poo Street: Rs 300 per sq.ft (2024)
• Vijaya Sri Nagar: Rs 300 per sq.ft (2024)
• Poovarasam Poo street: Rs 300 per sq.ft (2024)
• Patturosa Poo Street: Rs 300 per sq.ft (2024)
• Om Sakthi Nagar: Rs 300 per sq.ft (2024)
• Kanagambaram Poo Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Thazhampoo Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty, charged at 7%, would be Rs 21,000, while the registration fee at 2% would be Rs 6,000. Together, the total cost for stamp duty and registration would be Rs 27,000. 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 detailed calculations.

Which Sub Registrar Office covers Thazhampoo Street?

The Sub Registrar Office that covers Thazhampoo Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Araneri. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area. The guideline value is set by the Registration Department and is updated periodically to reflect changes in property values.

When a buyer or seller approaches the registration office, the guideline value is taken into consideration to calculate the necessary fees. This ensures that the fees are aligned with the current market conditions, providing a standardized approach to property transactions.

Frequently asked questions

What is the current guideline value of Thazhampoo Street?

The current guideline value of Thazhampoo Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since 2012, with a significant increase from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023. There was no change from 2023 to 2024.

What is the land classification for Thazhampoo Street?

The land classification for Thazhampoo Street is Residential Special Type - I, indicating its designated use for residential purposes.

Where is the Sriperumpudur Sub Registrar Office located?

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

How is the stamp duty calculated for property in Thazhampoo Street?

Stamp duty for property in Thazhampoo Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 300 per sq.ft, the stamp duty would be Rs 21,000.