Guideline Value for Thirumenieshwarar Koil Street

Thirumenieshwarar Koil Street guideline value

The current guideline value of Thirumenieshwarar Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village and falls under the Pammal SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Thirumenieshwarar Koil Street has changed

The guideline value for Thirumenieshwarar Koil Street has seen several revisions over the years. The earliest recorded figure is from the 2017 revision at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 shows a further increase to Rs 1,100 per sq.ft, reflecting a 10% rise from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for Thirumenieshwarar Koil Street. The significant changes between revisions include a 49% increase from 2017 to 2023 and a consistent rise leading to the current rate.

Guideline values in Pozhichalur

In Pozhichalur village, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. Thirumenieshwarar Koil Street's 2024 figure is below this median.

• Thirumalai Nagar Salai: Rs 1,100 per sq.ft (2024)
• Thiru Nagar: Rs 1,650 per sq.ft (2024)
• Thirumalai Nagar 2nd Cross Street: Rs 1,100 per sq.ft (2024)
• Thirumalai Nagar 1st Street: Rs 1,100 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,100 per sq.ft (2024)
• Thiruvalluvar Salai: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumenieshwarar Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirumenieshwarar Koil Street?

The Sub Registrar Office that covers Thirumenieshwarar Koil 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 Pozhichalur

The guideline value is a crucial factor in the registration process for property transactions in Pozhichalur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is registered, the guideline value is used to calculate the fees, ensuring that both buyers and sellers are aware of the costs involved. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thirumenieshwarar Koil Street?

The current guideline value of Thirumenieshwarar Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty rates for properties in Thirumenieshwarar Koil Street?

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

Which office do I need to visit for property registration?

The Pammal Sub Registrar Office is responsible for property registration in Thirumenieshwarar Koil Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the median guideline value in Pozhichalur?

The median guideline value in Pozhichalur is Rs 1,320 per sq.ft, with Thirumenieshwarar Koil Street's current value of Rs 1,100 per sq.ft being below this median.