Guideline Value for Thirugnana Sambanthar St

Thirugnana Sambanthar St guideline value

The current guideline value of Thirugnana Sambanthar St is Rs 260 per sq.ft, effective from 1 July 2024. This street is located in Ammayarkuppam village, under the Ramakrishna Rajupettai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thirugnana Sambanthar St has changed

The guideline value for Thirugnana Sambanthar St has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 100 per sq.ft. This increased to Rs 260 per sq.ft in 2012, then saw a decrease to Rs 174 per sq.ft in 2017. The value then returned to Rs 260 per sq.ft in both the 2023 and 2024 revisions. The register has no figure for the years 2002 and 2003.

From 2007 to 2012, the value increased by 160%, followed by a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and remained unchanged from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 160%.

Guideline values in Ammayarkuppam

Ammayarkuppam has 43 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 260 per sq.ft. The median value for these streets is Rs 260 per sq.ft, making Thirugnana Sambanthar St's 2024 figure equal to this median.

• Thiruvalluvar St: Rs 260 per sq.ft (2024)
• Subramaniya Swamy Koil St: Rs 260 per sq.ft (2024)
• Vallalar Street: Rs 241 per sq.ft (2024)
• Vannarapettai St: Rs 260 per sq.ft (2024)
• Sri Balaji Nagar: Rs 260 per sq.ft (2024)
• Sornamabigai Koil St: Rs 241 per sq.ft (2024)

Stamp duty and registration fee for property in Thirugnana Sambanthar St

For a 1,000 sq.ft plot at the current guideline value of Rs 260 per sq.ft, the total guideline value amounts to Rs 2,60,000. The stamp duty at 7% would be Rs 18,200, and the registration fee at 2% would be Rs 5,200, bringing the total cost for these fees to Rs 23,400. Please note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirugnana Sambanthar St?

The Sub Registrar Office that covers Thirugnana Sambanthar St is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ammayarkuppam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and based on official valuations.

Frequently asked questions

What is the current guideline value of Thirugnana Sambanthar St?

The current guideline value of Thirugnana Sambanthar St is Rs 260 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 260 per sq.ft in 2012, decreased to Rs 174 per sq.ft in 2017, and returned to Rs 260 per sq.ft in both 2023 and 2024.

What is the land classification for Thirugnana Sambanthar St?

Thirugnana Sambanthar St is classified as Residential Class I Type - I.

Where is the Ramakrishna Rajupettai Sub Registrar Office located?

The Ramakrishna Rajupettai Sub Registrar Office is located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.

How is the stamp duty calculated for properties in Ammayarkuppam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 260 per sq.ft would incur a total guideline value of Rs 2,60,000.