Guideline Value for ThideerKuppam

ThideerKuppam guideline value

The current guideline value of ThideerKuppam is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Kanthoor village under the Sunguvarchattram SRO, classified as Residential Class III Type - I.

How the guideline value of ThideerKuppam has changed

The guideline value for ThideerKuppam has undergone several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2023 revision. The 2017 revision saw a decrease to Rs 100 per sq.ft, marking a -33% change. However, from 2017 to 2023, the value increased by 50% back to Rs 150 per sq.ft. The 2024 revision also maintains this value, reflecting a +0% change from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained stable, showing a +0% change.

Guideline values in Kanthoor

In Kanthoor, there are 33 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 150 to Rs 700 per sq.ft. The median guideline value in the village is Rs 181 per sq.ft, placing ThideerKuppam's 2024 figure below this median.

• Sri Sai Nagar: Rs 700 per sq.ft (2024)
• Vijayalakshmi Nagar: Rs 181 per sq.ft (2024)
• Small Street: Rs 150 per sq.ft (2024)
• Sharma Nagar: Rs 250 per sq.ft (2024)
• School Street: Rs 181 per sq.ft (2024)
• Road Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in ThideerKuppam

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. It is important to 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 detailed calculations.

Which Sub Registrar Office covers ThideerKuppam?

The Sub Registrar Office that covers ThideerKuppam is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Kanthoor. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of registering the property. Ensuring that the transaction reflects the guideline value helps in maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of ThideerKuppam?

The current guideline value of ThideerKuppam is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 150 per sq.ft. The value increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023, showing a 50% increase.

What is the classification of land in ThideerKuppam?

ThideerKuppam is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for ThideerKuppam?

The Sub Registrar Office for ThideerKuppam is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated in ThideerKuppam?

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 1,50,000 would incur a stamp duty of Rs 10,500 at 7%.