Guideline Value for Thirumangaiyalvarpuram, Jagajeevanram Street

Thirumangaiyalvarpuram, Jagajeevanram Street guideline value

The current guideline value for Thirumangaiyalvarpuram, Jagajeevanram Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street 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 Thirumangaiyalvarpuram, Jagajeevanram Street has changed

The guideline value for Thirumangaiyalvarpuram, Jagajeevanram Street has seen several revisions over the years. In the 2017 revision, the value was Rs 804 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% rise. The current revision for 2024 shows a further increase to Rs 1,320 per sq.ft, which is a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median value for these streets is Rs 2,420 per sq.ft, indicating that the guideline value for Thirumangaiyalvarpuram, Jagajeevanram Street is below this median.

• Thirumangaiyalvarpuram, Ambedkar Salai: Rs 1,320 per sq.ft (2024)
• Thirumangaiyalvarpuram, Thangavel Street: Rs 1,980 per sq.ft (2024)
• Thirumangaialwarpuram: Rs 1,320 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 Thirumangaiyalvarpuram, Jagajeevanram Street

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thirumangaiyalvarpuram, Jagajeevanram Street?

The Sub Registrar Office that covers Thirumangaiyalvarpuram, Jagajeevanram Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that need to be paid during the property transaction process.

When buying or selling property in Thiruneermalai, it is essential to be aware of the current guideline value to ensure compliance with local regulations and to accurately assess the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Thirumangaiyalvarpuram, Jagajeevanram Street?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, showing an overall increase of 64% over this period.

What is the stamp duty for property in Thirumangaiyalvarpuram?

The stamp duty for property in Thirumangaiyalvarpuram is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

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

What is the median guideline value of streets in Thiruneermalai?

The median guideline value of streets in Thiruneermalai is Rs 2,420 per sq.ft, which is higher than the current value of Thirumangaiyalvarpuram, Jagajeevanram Street.