Guideline Value for Thiripurasundari Colony

Thiripurasundari Colony guideline value

The current guideline value of Thiripurasundari Colony is Rs 2,750 per sq.ft as per the 2024 revision, which is effective from 1 July 2024. This colony is located in Zaminpallavaram village, under the Pallavaram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Thiripurasundari Colony has changed

The guideline value for Thiripurasundari Colony has undergone several revisions over the years. The earliest recorded figure is from the 2003 revision, which was Rs 203 per sq.ft. This value increased significantly to Rs 600 per sq.ft in 2007, marking a change of +196%. In the 2012 revision, the value rose to Rs 2,500 per sq.ft, reflecting an increase of +317%. However, in the 2017 revision, it dropped to Rs 1,675 per sq.ft, a decrease of -33%. The value then increased to Rs 2,500 per sq.ft in 2023, which was a rise of +49%. Finally, the current guideline value is Rs 2,750 per sq.ft as per the 2024 revision, which is a +10% increase from the previous year.

It is important to note that the register has no figure for this street in 2002. Overall, from 2003 to 2024, the guideline value has increased by +1255%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO, with 2024 guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, indicating that Thiripurasundari Colony's 2024 figure is below this median.

• Thiruchandur Nagar: Rs 3,300 per sq.ft (2024)
• Thennanthope 3 To 4 Streets: Rs 3,300 per sq.ft (2024)
• Thennandhoppu 2nd Street: Rs 3,300 per sq.ft (2024)
• Thennandhoppu 1st Street: Rs 3,300 per sq.ft (2024)
• Thirumurugan Nagar: Rs 3,300 per sq.ft (2024)
• Thirumurugan Nagar 2nd Cross St.: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiripurasundari Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total cost for these fees Rs 2,47,500. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiripurasundari Colony?

The Sub Registrar Office that covers Thiripurasundari Colony is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Zaminpallavaram, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately and legally.

It is important for buyers and sellers to be aware of the current guideline value, as it affects the overall costs associated with property transactions. This value is essential for both parties to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Thiripurasundari Colony?

The current guideline value of Thiripurasundari Colony is Rs 2,750 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 203 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, marking an overall increase of +1255% over this period.

What are the stamp duty and registration fees for properties in Thiripurasundari Colony?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500 in fees.

Which Sub Registrar Office covers Thiripurasundari Colony?

The Pallavaram Sub Registrar Office covers Thiripurasundari Colony, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification for Thiripurasundari Colony?

The land classification for Thiripurasundari Colony is Residential Class II Type - I, which indicates the type of development permissible in the area.