Guideline Value for Thimmasamy Dharka 1st Street

Thimmasamy Dharka 1st Street guideline value

The current guideline value of Thimmasamy Dharka 1st Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Siruvallur village under the Sembiam SRO and is classified as Residential Class II Type - II.

How the guideline value of Thimmasamy Dharka 1st Street has changed

The guideline value for Thimmasamy Dharka 1st Street has undergone several revisions over the years. In 2007, the value was set at Rs 1,000 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012, marking a 100% rise. However, from 2012 to 2017, the value decreased by 33% to Rs 1,340 per sq.ft. The subsequent revision in 2023 saw a significant increase of 49%, bringing the value to Rs 2,000 per sq.ft. The latest revision in 2024 has further raised the guideline value to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Siruvallur

In Siruvallur, there are 86 streets under the Sembiam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,900 per sq.ft, placing Thimmasamy Dharka 1st Street's 2024 value above this median.

• Thimmasamy Dharka 2nd Street: Rs 2,200 per sq.ft (2024)
• Thatchar Street: Rs 1,900 per sq.ft (2024)
• Tank Lane Street: Rs 1,900 per sq.ft (2024)
• Thulakanathamman Koil Lane: Rs 1,900 per sq.ft (2024)
• Thulakanathamman Koil Street: Rs 1,900 per sq.ft (2024)
• Sundara Vinayagar Koil 2nd Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thimmasamy Dharka 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thimmasamy Dharka 1st Street?

The Sub Registrar Office that covers Thimmasamy Dharka 1st Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration of property transactions in Siruvallur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that must be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of the transaction. The fees are calculated based on this value, ensuring that the registration process is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Thimmasamy Dharka 1st Street?

The current guideline value of Thimmasamy Dharka 1st Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 1,000 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, representing an overall increase of 120% since 2007.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles property registrations for Thimmasamy Dharka 1st Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, handles property registrations for Thimmasamy Dharka 1st Street.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions, ensuring compliance with local regulations and affecting the overall cost of buying or selling property.