Guideline Value for Thirumangai Alwar Theru

Thirumangai Alwar Theru guideline value

The current guideline value of Thirumangai Alwar Theru is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village and falls under the Padappai SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Thirumangai Alwar Theru has changed

The guideline value for Thirumangai Alwar Theru has undergone several revisions over the years. The 2012 revision recorded a value of Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 1,500 per sq.ft in the 2023 revision, and further increased to Rs 1,650 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 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 for these streets is Rs 2,310 per sq.ft, indicating that Thirumangai Alwar Theru's 2024 figure is below this median.

• Thirumalisai Alvar Street: Rs 2,310 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 Thirumangai Alwar Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, resulting in a total of Rs 1,48,500. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Thirumangai Alwar Theru?

The Sub Registrar Office that covers Thirumangai Alwar Theru 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 plays a crucial role in the registration process when buying or selling property in Perungalathur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thirumangai Alwar Theru?

The current guideline value of Thirumangai Alwar Theru is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024. There are no figures available for the years 2002, 2003, and 2007 for this street.

What is the land classification for Thirumangai Alwar Theru?

The land classification for Thirumangai Alwar Theru is Residential Class IV Type - II. This classification indicates the type of development permissible in the area.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Thirumangai Alwar Theru is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2% of the guideline value.

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

The Sub Registrar Office for Thirumangai Alwar Theru is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find more information about your SRO through the provided link.