Guideline Value for Thirupuraisundari Street

Thirupuraisundari Street guideline value

The current guideline value of Thirupuraisundari Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Thirupuraisundari Street has changed

Over the years, the guideline value of Thirupuraisundari Street has seen significant changes. In 2003, the guideline value was Rs 216 per sq.ft, which increased to Rs 300 per sq.ft in 2007, marking a 39% rise. The value then surged dramatically to Rs 1,072 per sq.ft in 2017, reflecting a 257% increase. The 2023 revision set the value at Rs 1,600 per sq.ft, a 49% increase from 2017. The most recent revision in 2024 has further raised the guideline value to Rs 1,760 per sq.ft, representing a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 715%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, positioning Thirupuraisundari Street's 2024 figure below this median.

• Thiruvalluar Pettai 1st Street: Rs 1,760 per sq.ft (2024)
• Thiruvalluar Pettai 2nd Street: Rs 1,760 per sq.ft (2024)
• Thiruvalluar Pettai Extn.,: Rs 1,760 per sq.ft (2024)
• Thiruvallur Street: Rs 1,760 per sq.ft (2024)
• Thiruneermalai Road Kaelmadu Street: Rs 2,530 per sq.ft (2024)
• Thiruneermalai Road Burial Ground: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Thirupuraisundari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirupuraisundari Street?

The Sub Registrar Office that covers Thirupuraisundari 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 Anakaputhur

The guideline value plays a crucial role in the property registration process in Anakaputhur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is set by the government and is updated periodically to reflect changes in the real estate market.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, which is essential for funding public services and infrastructure.

Frequently asked questions

What is the current guideline value of Thirupuraisundari Street?

The current guideline value of Thirupuraisundari Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 216 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 715% over the years.

What is the median guideline value for streets in Anakaputhur?

The median guideline value for streets in Anakaputhur is Rs 1,980 per sq.ft, with Thirupuraisundari Street's 2024 figure being below this median.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions in Thirupuraisundari Street is 7%, which is calculated based on the higher of the guideline value or the sale price of the property.

Where is the Sub Registrar Office for Thirupuraisundari Street located?

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