Guideline Value for Thirowpathiamman Kovil Street

Thirowpathiamman Kovil Street guideline value

The current guideline value of Thirowpathiamman Kovil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Mudhukoor village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Thirowpathiamman Kovil Street has changed

The guideline value for Thirowpathiamman Kovil Street has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged in the subsequent 2017 revision, where it was Rs 134 per sq.ft. The 2023 revision again maintained the value at Rs 200 per sq.ft, and the current 2024 revision also stands at Rs 200 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 200 per sq.ft.

Guideline values in Mudhukoor

In Mudhukoor, there are 29 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 200 to Rs 448 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, which is the same as the 2024 figure for Thirowpathiamman Kovil Street. Below are the guideline values for other streets in Mudhukoor:

• Sri Balaji Garden: Rs 200 per sq.ft (2024)
• Spring rains phase - II: Rs 448 per sq.ft (2024)
• Spring rains phase - I: Rs 448 per sq.ft (2024)
• Spring Rains: Rs 300 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 250 per sq.ft (2024)
• Perumal Kovil Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Thirowpathiamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total charges to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirowpathiamman Kovil Street?

The Sub Registrar Office covering Thirowpathiamman Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Mudhukoor, as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during property transactions.

When a property is bought or sold, the guideline value serves as a benchmark for the transaction price. This means that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thirowpathiamman Kovil Street?

The current guideline value of Thirowpathiamman Kovil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a decrease of 33% from 2012 to 2017, followed by a 49% increase from 2017 to 2023.

What are the other streets in Mudhukoor with their guideline values?

Other streets in Mudhukoor have varying guideline values, ranging from Rs 200 to Rs 448 per sq.ft. Thirowpathiamman Kovil Street shares its 2024 value of Rs 200 with Sri Balaji Garden.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Where can I find the Sub Registrar Office for Thirowpathiamman Kovil Street?

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