Guideline Value for Thirumanikuppam Salai

Thirumanikuppam Salai guideline value

The current guideline value of Thirumanikuppam Salai is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Thirupanthiyoor village, under the Sunguvarchattram SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Thirumanikuppam Salai has changed

The guideline value for Thirumanikuppam Salai has undergone several revisions over the years. In 2012, the value was Rs 200 per sq.ft, which then decreased to Rs 134 per sq.ft in 2017. Following this, the value increased significantly to Rs 200 per sq.ft in both the 2023 and 2024 revisions. The register has no figures for the years 2002, 2003, and 2007.

Between the revisions, the change from 2017 to 2023 saw a notable increase of 49%. However, from 2023 to 2024, there was no change, maintaining the value at Rs 200 per sq.ft. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 200 per sq.ft.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor, there are 53 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 900 per sq.ft, with a median value of Rs 350 per sq.ft. Thirumanikuppam Salai's 2024 guideline value is below this median.

• Thiruvallur Main Road(From PetrolBank To Anthoniyarpuram): Rs 450 per sq.ft (2024)
• Thomaiyar street: Rs 350 per sq.ft (2024)
• Umamageswari Nagar: Rs 200 per sq.ft (2024)
• Swathi Nagar IV: Rs 612 per sq.ft (2024)
• swathi Nagar: Rs 450 per sq.ft (2024)
• Susaiyapparpuram: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumanikuppam Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. 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 information.

Which Sub Registrar Office covers Thirumanikuppam Salai?

The Sub Registrar Office that covers Thirumanikuppam Salai is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirupanthiyoor. It serves as a reference point for determining the stamp duty and registration fees payable to the government.

When a property transaction occurs, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Thirumanikuppam Salai?

The current guideline value of Thirumanikuppam Salai is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 200 per sq.ft in both 2023 and 2024. It was Rs 134 per sq.ft in 2017, and Rs 200 per sq.ft in 2012.

What is the land classification of Thirumanikuppam Salai?

Thirumanikuppam Salai is classified as Residential Class IV Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees based on the guideline value?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. The duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Thirumanikuppam Salai?

The Sub Registrar Office for Thirumanikuppam Salai is the Sunguvarchattram Sub Registrar Office, located on Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.