Guideline Value for Thirumalaiyapillai Santhu

Thirumalaiyapillai Santhu guideline value

The current guideline value of Thirumalaiyapillai Santhu is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Special Type - I.

How the guideline value of Thirumalaiyapillai Santhu has changed

The guideline value for Thirumalaiyapillai Santhu has seen several revisions over the years. The 2024 revision maintains the value at Rs 1,200 per sq.ft, consistent with the 2023 revision. Prior to that, the 2017 revision set the value at Rs 268 per sq.ft, marking a significant increase of 348% from 2017 to 2023. The 2012 revision was Rs 400 per sq.ft, showing a decrease of 33% when compared to the 2017 figure. The value in 2007 was Rs 147 per sq.ft, reflecting a 172% increase to the 2012 value.

From 2007 to 2024, the overall increase in the guideline value is 716%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Uthiramerur

Uthiramerur village features 180 streets under the Uthiramerur SRO, with guideline values ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value in the village is Rs 800 per sq.ft, placing Thirumalaiyapillai Santhu's 2024 figure above this median.

• Thirumalaiyapillai street: Rs 1,200 per sq.ft (2024)
• Thirumalay Nagar: Rs 501 per sq.ft (2024)
• Thiruvalluvar Stret: Rs 900 per sq.ft (2024)
• Thottakkara Street: Rs 1,500 per sq.ft (2024)
• Thandukkara Street: Rs 1,500 per sq.ft (2024)
• Thandavaraya chetty Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalaiyapillai Santhu

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees together to Rs 1,08,000. 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 further calculations.

Which Sub Registrar Office covers Thirumalaiyapillai Santhu?

The Sub Registrar Office that covers Thirumalaiyapillai Santhu is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Uthiramerur. It serves as a benchmark for the minimum value at which the property can be registered, ensuring that the government receives the appropriate taxes on property transactions.

When a property is sold, the guideline value helps to establish a fair price for taxation purposes. Buyers and sellers must be aware of the guideline value to adequately prepare for the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Thirumalaiyapillai Santhu?

The current guideline value of Thirumalaiyapillai Santhu is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the 2024 revision maintaining the value at Rs 1,200 per sq.ft, the same as in 2023. There was a notable increase of 348% from 2017 to 2023, while the overall increase from 2007 to 2024 is 716%.

What is the land classification for Thirumalaiyapillai Santhu?

Thirumalaiyapillai Santhu is classified as Residential Special Type - I. This classification is important for understanding the zoning and permissible uses of the land.

Where can I find the Sub Registrar Office for Thirumalaiyapillai Santhu?

The Sub Registrar Office for Thirumalaiyapillai Santhu is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Thirumalaiyapillai Santhu?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 12,00,000 would incur a stamp duty of Rs 84,000 at a rate of 7%.