Guideline Value for Thirumalisai Alvar Street

Thirumalisai Alvar Street guideline value

The current guideline value of Thirumalisai Alvar Street is Rs 2,310 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village under the Padappai SRO, classified as Residential Class II Type - I.

How the guideline value of Thirumalisai Alvar Street has changed

The guideline value for Thirumalisai Alvar Street has undergone several revisions over the years. The first recorded figure is from 2007, where the value was Rs 300 per sq.ft. This increased significantly to Rs 2,100 per sq.ft in 2012, marking a change of +600%. However, by 2017, the value dropped to Rs 1,407 per sq.ft, a decrease of -33%. The value then saw a substantial rise to Rs 2,100 per sq.ft in 2023, followed by a current figure of Rs 2,310 per sq.ft in 2024, reflecting a +10% increase.

In total, from 2007 to 2024, the overall change in guideline value is +670%. It is important to note that there are no recorded 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 guideline value is Rs 2,310 per sq.ft, which is the same as the current value for Thirumalisai Alvar Street.

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

Stamp duty and registration fee for property in Thirumalisai Alvar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value amounts to Rs 23,10,000. The stamp duty at 7% would be Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total to Rs 2,07,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumalisai Alvar Street?

The Sub Registrar Office that covers Thirumalisai Alvar 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 details.

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

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

When registering a property, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Thirumalisai Alvar Street?

The current guideline value of Thirumalisai Alvar Street is Rs 2,310 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 2,310 per sq.ft in 2024, representing an overall increase of +670% over the years.

What is the land classification of Thirumalisai Alvar Street?

Thirumalisai Alvar Street is classified as Residential Class II Type - I.

What are the stamp duty rates for properties in Thirumalisai Alvar Street?

The stamp duty rate for properties in Thirumalisai Alvar Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thirumalisai Alvar Street?

The Sub Registrar Office for Thirumalisai Alvar Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.