Guideline Value for Thirustar Rani Managar

Thirustar Rani Managar guideline value

The current guideline value of Thirustar Rani Managar is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Allappakkam village under the Chengleput Joint I SRO, classified as Residential Special Type - II.

How the guideline value of Thirustar Rani Managar has changed

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 804 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 1,200 per sq.ft in the 2023 revision, reflecting a growth of 49% from the 2017 figure. The 2024 revision also maintains the guideline value at Rs 1,200 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 1,200 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 guideline value in this area is Rs 1,102 per sq.ft, and Thirustar Rani Managar's 2024 figure is above this median.

• Thirumugan Avanue: Rs 800 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 Thirustar Rani Managar

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value is Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirustar Rani Managar?

The Thirustar Rani Managar street falls under 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 more information.

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

The guideline value is an essential factor during the registration of property transactions in Allappakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is crucial to be aware of this value, as it affects the overall cost of the transaction, including the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Thirustar Rani Managar?

The current guideline value of Thirustar Rani Managar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the 2012 figure at Rs 1,200 per sq.ft dropping to Rs 804 per sq.ft in 2017, then rising back to Rs 1,200 per sq.ft in 2023 and remaining the same in 2024.

What is the land classification for Thirustar Rani Managar?

Thirustar Rani Managar is classified as Residential Special Type - II, indicating its suitability for residential development.

Where can I find the registration office for Thirustar Rani Managar?

The registration office for Thirustar Rani Managar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property with a guideline value of Rs 12,00,000, the stamp duty at 7% would be Rs 84,000.