Guideline Value for Thiruvallur Road (Sunguvar Chatram Bus Stop To Palkarar Street )

Thiruvallur Road (Sunguvar Chatram Bus Stop To Palkarar Street ) guideline value

The current guideline value for Thiruvallur Road (Sunguvar Chatram Bus Stop To Palkarar Street) is Rs 2,000 per sq.ft, effective from 1 July 2024. This street is located in Thirumangalam village under the Sunguvarchattram SRO, classified as Commercial Class I Type - I.

How the guideline value of Thiruvallur Road (Sunguvar Chatram Bus Stop To Palkarar Street ) has changed

The guideline value for this street has seen several revisions over the years. In 2012, the value was set at Rs 2,000 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 1,340 per sq.ft, reflecting a -33% change. However, by the 2023 revision, the value increased back to Rs 2,000 per sq.ft, maintaining this figure through to the 2024 revision, which also stands at Rs 2,000 per sq.ft, showing a 0% change from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision is 0%.

Guideline values in Thirumangalam

In Thirumangalam, there are 42 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 2,000 per sq.ft. The median value for these streets is Rs 605 per sq.ft, indicating that Thiruvallur Road (Sunguvar Chatram Bus Stop To Palkarar Street) is above this median.

• Thiruvallur Road (Sunguvar Chatram Bus Stop To Vasuki Thirumana Mahal): Rs 1,750 per sq.ft (2024)
• Thiruvallur Road (Annai Velanganni Nagar First Street to Kandigai): Rs 2,000 per sq.ft (2024)
• Thriruvalluvar Street: Rs 605 per sq.ft (2024)
• Union Street: Rs 400 per sq.ft (2024)
• Velankanni Nagar: Rs 605 per sq.ft (2024)
• Walajabad Road: Rs 1,750 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvallur Road (Sunguvar Chatram Bus Stop To Palkarar Street )

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, making the total cost Rs 1,80,000. 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 precise calculations.

Which Sub Registrar Office covers Thiruvallur Road (Sunguvar Chatram Bus Stop To Palkarar Street )?

The Sub Registrar Office that covers Thiruvallur Road (Sunguvar Chatram Bus Stop To Palkarar Street) is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial reference point during property transactions in Thirumangalam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures that both parties are aware of the financial obligations involved in the transfer of property ownership.

Frequently asked questions

What is the current guideline value for Thiruvallur Road (Sunguvar Chatram Bus Stop To Palkarar Street)?

The current guideline value for Thiruvallur Road (Sunguvar Chatram Bus Stop To Palkarar Street) is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,000 per sq.ft since 2012, with a drop to Rs 1,340 per sq.ft in 2017, followed by a return to Rs 2,000 per sq.ft in 2023 and 2024.

What is the stamp duty rate for properties in Thiruvallur Road?

The stamp duty rate for properties in Thiruvallur Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Thiruvallur Road located?

The Sub Registrar Office for Thiruvallur Road is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.

How is the guideline value determined for other streets in Thirumangalam?

The guideline value for other streets in Thirumangalam varies, with a range from Rs 250 to Rs 2,000 per sq.ft, based on factors such as location and land classification.