Guideline Value for Thirugnana Sampanthar Street

Thirugnana Sampanthar Street guideline value

The current guideline value of Thirugnana Sampanthar Street is Rs 2,640 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thirugnana Sampanthar Street has changed

The guideline value for Thirugnana Sampanthar Street has undergone several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 2,400 per sq.ft in 2012. However, it then decreased to Rs 1,608 per sq.ft in 2017. The 2023 revision saw a rise to Rs 2,400 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 2,640 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 was 10%. The most notable change occurred between 2007 and 2012, where the value surged by 860%. Overall, from 2007 to 2024, there has been a substantial increase of 956%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, placing Thirugnana Sampanthar Street's 2024 figure above this median.

• Thirubana Alvar Street: Rs 1,650 per sq.ft (2024)
• Thirumalai Nagar - I,II Street: Rs 1,980 per sq.ft (2024)
• Thilakar Street Extn: Rs 2,640 per sq.ft (2024)
• Thilakar Street: Rs 2,640 per sq.ft (2024)
• Thirumalisai Alvar Street: Rs 2,310 per sq.ft (2024)
• Thirumangai Alwar Theru: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Thirugnana Sampanthar Street

For a 1,000 sq.ft plot at the current rate of Rs 2,640 per sq.ft, the guideline value amounts to Rs 26,40,000. The stamp duty at 7% would be Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, totaling Rs 2,37,600. Please note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirugnana Sampanthar Street?

The Sub Registrar Office that covers Thirugnana Sampanthar Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Perungalathur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum price for which a property can be registered. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Thirugnana Sampanthar Street?

The current guideline value for Thirugnana Sampanthar Street is Rs 2,640 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, starting from Rs 250 per sq.ft in 2007 to Rs 2,640 per sq.ft in 2024, marking an overall increase of 956% from 2007 to 2024.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a property valued at Rs 26,40,000, the total fees would amount to Rs 2,37,600.

Which office handles property registrations in Perungalathur?

The Padappai Sub Registrar Office handles property registrations for Thirugnana Sampanthar Street and other areas in Perungalathur.

Where can I find more information about guideline values in Perungalathur?

For more information about guideline values in Perungalathur, you can refer to the Registration Department's guideline value register (TNReginet) or visit the local Sub Registrar Office.