Guideline Value for Thirumugan Avanue

Thirumugan Avanue guideline value

The current guideline value of Thirumugan Avanue is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Allappakkam village under the Chengleput Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Thirumugan Avanue has changed

Over the years, the guideline value for Thirumugan Avanue has seen several revisions. The earliest recorded revision is from 2012, where the value was set at Rs 800 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 536 per sq.ft. In the following years, the value increased significantly to Rs 800 per sq.ft again in 2023 and has remained the same in the 2024 revision, reflecting a 49% increase from 2017 to 2023.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 800 per sq.ft.

Guideline values in Allappakkam

In Allappakkam, there are 51 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,102 per sq.ft, placing Thirumugan Avanue's 2024 figure below that median.

• Thirustar Rani Managar: Rs 1,200 per sq.ft (2024)
• Thirukazhukundam Road: Rs 1,500 per sq.ft (2024)
• Vaikai Nagar: Rs 1,102 per sq.ft (2024)
• Vaikai Nagar Ext-I: Rs 1,102 per sq.ft (2024)
• Vaikai Nagar Ext-II: Rs 1,102 per sq.ft (2024)
• Sun City: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumugan Avanue

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that 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 details.

Which Sub Registrar Office covers Thirumugan Avanue?

The Sub Registrar Office that covers Thirumugan Avanue is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor during the registration of property transactions in Allappakkam. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in determining the official value of the property for legal and financial purposes. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration regulations.

Frequently asked questions

What is the current guideline value of Thirumugan Avanue?

The current guideline value of Thirumugan Avanue is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value of Thirumugan Avanue changed over the years?

The guideline value has remained at Rs 800 per sq.ft since the 2012 revision, saw a decrease to Rs 536 per sq.ft in 2017, and returned to Rs 800 per sq.ft in 2023 and 2024.

What is the land classification for Thirumugan Avanue?

The land classification for Thirumugan Avanue is Residential Class I Type - I.

What is the median guideline value in Allappakkam?

The median guideline value for streets in Allappakkam under the Chengleput Joint I SRO is Rs 1,102 per sq.ft for the year 2024.

Where can I find the Sub Registrar Office for Thirumugan Avanue?

The Sub Registrar Office for Thirumugan Avanue is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.