Guideline Value for Thirumangaialwarpuram

Thirumangaialwarpuram guideline value

The current guideline value of Thirumangaialwarpuram is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Thiruneermalai village and falls under the Pammal SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Thirumangaialwarpuram has changed

The guideline value for Thirumangaialwarpuram has seen significant changes over the years. The earliest recorded value was Rs 80 per sq.ft in 2003, which increased to Rs 130 per sq.ft in 2007. This was followed by a substantial rise to Rs 804 per sq.ft in 2017, marking a 518% increase. The value then reached Rs 1,200 per sq.ft in 2023, reflecting a 49% increase from the previous revision. The latest revision in 2024 sets the value at Rs 1,320 per sq.ft, a 10% increase from 2023.

There are no recorded figures for the years 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 1550%, showcasing a remarkable growth trajectory over the years.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median guideline value for these streets is Rs 2,420 per sq.ft, placing Thirumangaialwarpuram's 2024 figure below this median.

• Thirumangaiyalvarpuram, Ambedkar Salai: Rs 1,320 per sq.ft (2024)
• Thirumangaiyalvarpuram, Jagajeevanram Street: Rs 1,320 per sq.ft (2024)
• Thirumangaiyalvarpuram, Thangavel Street: Rs 1,980 per sq.ft (2024)
• Thirumal Nagar: Rs 2,200 per sq.ft (2024)
• Thirumalai Nagar Kiqraj Manosarovar: Rs 2,200 per sq.ft (2024)
• Thiruneermalai Main Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumangaialwarpuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total charges to Rs 1,18,800. It is important to note that the 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 Thirumangaialwarpuram?

The Sub Registrar Office that covers Thirumangaialwarpuram is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your specific SRO, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Thiruneermalai. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thirumangaialwarpuram?

The current guideline value of Thirumangaialwarpuram is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 80 per sq.ft in 2003 to Rs 1,320 per sq.ft in 2024, representing an overall increase of 1550% over the years.

What are the stamp duty rates for properties in Thirumangaialwarpuram?

The stamp duty for properties in Thirumangaialwarpuram is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thirumangaialwarpuram?

The Sub Registrar Office for Thirumangaialwarpuram is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Thirumangaialwarpuram?

The land classification for Thirumangaialwarpuram is Residential Class III Type - I.