Guideline Value for Thiruppanar Street

Thiruppanar Street guideline value

The current guideline value of Thiruppanar Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village and falls under the Selaiyur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Thiruppanar Street has changed

Over the years, the guideline value of Thiruppanar Street has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 450 per sq.ft. This increased significantly to Rs 2,200 per sq.ft in 2012, marking a remarkable rise of 389%. However, in 2017, the value dropped to Rs 1,474 per sq.ft, a decrease of 33%. The value then increased again to Rs 2,200 per sq.ft in 2023, and most recently to Rs 2,400 per sq.ft in 2024, reflecting a change of 9% from the previous year.

There are no recorded figures for Thiruppanar Street in the years 2002 and 2003. The overall change from the 2007 revision to the current 2024 figure shows an increase of 433%.

Guideline values in Selaiyur

In Selaiyur village, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Thiruppanar Street's 2024 value above this median.

• Thirupur Kumaran Poonka Street: Rs 950 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 2,400 per sq.ft (2024)
• Thirumurugan Street: Rs 1,100 per sq.ft (2024)
• Thiruvalluvar Nagar Annai Sivagami Street: Rs 2,400 per sq.ft (2024)
• Thiruvalluvarpuram (Ramakrishna Nagar): Rs 950 per sq.ft (2024)
• Thirumazhisai Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruppanar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, while the registration fee at 2% would be Rs 48,000. Together, these fees would total Rs 2,16,000. 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 detailed calculations.

Which Sub Registrar Office covers Thiruppanar Street?

The Sub Registrar Office that covers Thiruppanar Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Selaiyur

The guideline value is a crucial factor during the registration of property transactions in Selaiyur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction reflects a fair value in line with current market conditions.

When buying or selling property, the guideline value impacts the calculation of stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, ensuring that the government collects appropriate taxes on property transactions.

Frequently asked questions

What is the current guideline value of Thiruppanar Street?

The current guideline value of Thiruppanar Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, reflecting an overall increase of 433% over the years.

What are the stamp duty and registration fees for properties in Thiruppanar Street?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 and the registration fee would be Rs 48,000, totaling Rs 2,16,000.

Which Sub Registrar Office is responsible for Thiruppanar Street?

The Selaiyur Sub Registrar Office is responsible for Thiruppanar Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification for Thiruppanar Street?

The land classification for Thiruppanar Street is Residential Special Type - II, which determines the type of development permitted in the area.