Guideline Value for Thillaiyadiammai Street

Thillaiyadiammai Street guideline value

The current guideline value of Thillaiyadiammai Street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Mamallapuram village, under the Thirukazhukundram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Thillaiyadiammai Street has changed

The guideline value for Thillaiyadiammai Street has seen several revisions over the years. The earliest recorded value is from 2012, which was Rs 750 per sq.ft. In 2017, the value changed to Rs 502 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 750 per sq.ft, a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 825 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO with a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft. The median value for these streets is Rs 935 per sq.ft, which indicates that Thillaiyadiammai Street's 2024 guideline value is below this median.

• Thirukalukundram Salai: Rs 1,545 per sq.ft (2024)
• Thirukalukundram Salai 1st Cross Street: Rs 1,215 per sq.ft (2024)
• Thirukalukundram Salai 2st Cross Street: Rs 1,215 per sq.ft (2024)
• Thirukalukundram Salai 3st Cross Street: Rs 1,215 per sq.ft (2024)
• Thirukalukundram Salai 4st Cross Street: Rs 1,215 per sq.ft (2024)
• Thirukalukundram Salai 5st Cross Street: Rs 1,215 per sq.ft (2024)

Stamp duty and registration fee for property in Thillaiyadiammai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, and the registration fee at 2% would be Rs 16,500, totaling Rs 74,250. 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 accurate calculations.

Which Sub Registrar Office covers Thillaiyadiammai Street?

The Sub Registrar Office that covers Thillaiyadiammai Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Mamallapuram. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

During the registration process, the guideline value helps in assessing the official value of the property. This is crucial for both buyers and sellers as it influences the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value for Thillaiyadiammai Street?

The current guideline value for Thillaiyadiammai Street is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 750 per sq.ft in 2023 to Rs 825 per sq.ft in 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

What is the land classification for Thillaiyadiammai Street?

Thillaiyadiammai Street is classified as Residential Class I Type - III, which indicates its suitability for residential development.

What are the guideline values for other streets in Mamallapuram?

Other streets in Mamallapuram have varying guideline values, with rates ranging from Rs 550 to Rs 1,650 per sq.ft. For example, Thirukalukundram Salai has a value of Rs 1,545 per sq.ft in 2024.

How is stamp duty calculated for properties in Thillaiyadiammai Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750 at 7%.