Guideline Value for Thirumangaiyalvarpuram, Thangavel Street

Thirumangaiyalvarpuram, Thangavel Street guideline value

The current guideline value for Thirumangaiyalvarpuram, Thangavel Street is Rs 1,980 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 II Type - I.

How the guideline value of Thirumangaiyalvarpuram, Thangavel Street has changed

The guideline value for Thirumangaiyalvarpuram, Thangavel Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,206 per sq.ft. This was followed by a significant increase to Rs 1,800 per sq.ft in the 2023 revision, marking a rise of 49%. The most recent revision in 2024 has raised the guideline value to Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a notable increase of 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 village, 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 guideline value for these streets is Rs 2,420 per sq.ft, placing Thirumangaiyalvarpuram, Thangavel Street's 2024 figure below that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Together, the total cost would be Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For a detailed calculation, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumangaiyalpuram, Thangavel Street?

The Sub Registrar Office that covers Thirumangaiyalpuram, Thangavel Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 when registering property transactions in Thiruneermalai. It serves as a benchmark for determining the minimum value at which a property can be sold and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

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

The current guideline value of Thirumangaiyalvarpuram, Thangavel Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From the 2017 revision to the 2024 revision, the guideline value has increased by 64%, from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft.

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 Thirumangaiyalpuram, Thangavel Street.

Where can I find the Sub Registrar Office for Thirumangaiyalvarpuram?

The Sub Registrar Office for Thirumangaiyalpuram is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is stamp duty calculated for properties in Thirumangaiyalpuram?

Stamp duty for properties in Thirumangaiyalpuram is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable on the guideline value.