Guideline Value for Thirumangai Alwar Kulakarai Street

Thirumangai Alwar Kulakarai Street guideline value

The current guideline value of Thirumangai Alwar Kulakarai Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thirumangai Alwar Kulakarai Street has changed

The guideline value for Thirumangai Alwar Kulakarai Street has remained stable at Rs 1,200 per sq.ft from the 2023 revision to the 2024 revision. Prior to this, in the 2017 revision, the value was Rs 804 per sq.ft, indicating a significant increase of 49% over this period.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. However, the overall change from the 2017 revision to the 2024 revision is also a 49% increase, reflecting the consistent valuation in recent years.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft, with a median value of Rs 700 per sq.ft. Thirumangai Alwar Kulakarai Street's 2024 figure is above this median.

• Thirupathy Nagar: Rs 1,200 per sq.ft (2024)
• Theradi Street: Rs 1,200 per sq.ft (2024)
• Then Pushkarani Street: Rs 700 per sq.ft (2024)
• Thanthondri Amman Koil Street: Rs 700 per sq.ft (2024)
• Tirumangai Azhwar Street: Rs 1,800 per sq.ft (2024)
• Titti Vasal Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumangai Alwar Kulakarai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thirumangai Alwar Kulakarai Street?

The Sub Registrar Office that covers Thirumangai Alwar Kulakarai Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your specific SRO, visit find your SRO.

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

When buying or selling property in Sriperumbudur A, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline values, as they directly impact the overall cost of property transactions. Understanding these values can help in budgeting for additional costs associated with property registration.

Frequently asked questions

What is the current guideline value of Thirumangai Alwar Kulakarai Street?

The current guideline value of Thirumangai Alwar Kulakarai 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 remained at Rs 1,200 per sq.ft from 2023 to 2024. It was Rs 804 per sq.ft in 2017, showing a 49% increase overall from 2017 to 2024.

What are the guideline values for other streets in Sriperumbudur A?

Other streets in Sriperumbudur A have varying guideline values, with rates ranging from Rs 400 to Rs 3,000 per sq.ft. For example, Thirupathy Nagar and Theradi Street both have a guideline value of Rs 1,200 per sq.ft in 2024.

What fees are associated with property transactions in this area?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thirumangai Alwar Kulakarai Street?

The Sub Registrar Office for Thirumangai Alwar Kulakarai Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information on how to locate your SRO online.