Guideline Value for Thirumalaiyapillai street

Thirumalaiyapillai street guideline value

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

How the guideline value of Thirumalaiyapillai street has changed

In the 2007 revision, the guideline value was Rs 147 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in the 2012 revision, marking a remarkable rise of 716%. However, in the 2017 revision, the value decreased to Rs 804 per sq.ft, reflecting a decline of 33%. The 2023 revision maintained the value at Rs 1,200 per sq.ft, showing no change from the previous year. The current 2024 revision also holds the value at Rs 1,200 per sq.ft, indicating a 0% change from 2023.

As for the revisions from 2007 to 2024, the overall increase is recorded at 716%. Notably, the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Uthiramerur

In Uthiramerur, there are 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 this village is Rs 800 per sq.ft, placing Thirumalaiyapillai street's 2024 figure above this median.

• Thirumalaiyapillai Santhu: 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 street

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value would be 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 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumalaiyapillai street?

The Sub Registrar Office that covers Thirumalaiyapillai street 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 an essential factor in the registration process of property transactions in Uthiramerur. It serves as a benchmark for determining the stamp duty and registration fees applicable at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected based on the established values. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Thirumalaiyapillai street?

The current guideline value of Thirumalaiyapillai street 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 seen various changes, from Rs 147 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, followed by a decline to Rs 804 per sq.ft in 2017. The value remained at Rs 1,200 per sq.ft in 2023 and continues at the same rate in 2024.

What is the land classification for Thirumalaiyapillai street?

Thirumalaiyapillai street is classified as Residential Special Type - I, indicating its designated use for residential purposes within the Uthiramerur village.

How does the guideline value affect property transactions?

The guideline value affects property transactions by determining the stamp duty and registration fees that need to be paid at the time of registration. It ensures that these fees are based on established values for transparency and consistency.

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

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