Guideline Value for Thiruvallur Road(Annai Velanganni Nagar First Street to Kandigai)

Thiruvallur Road(Annai Velanganni Nagar First Street to Kandigai) guideline value

The current guideline value for Thiruvallur Road(Annai Velanganni Nagar First Street to Kandigai) is Rs 2,000 per sq.ft, effective from 1 July 2024. This street is located in Thirumangalam village and falls under the Sunguvarchattram SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Thiruvallur Road(Annai Velanganni Nagar First Street to Kandigai) has changed

The guideline value for this street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 2,000 per sq.ft, which was a decrease of 33% from the Rs 1,340 per sq.ft recorded in the 2017 revision. The value remained unchanged at Rs 2,000 per sq.ft in the 2023 revision and continued at the same rate in the 2024 revision, reflecting a 0% change between these two years.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained at Rs 2,000 per sq.ft, showing no overall change during this period.

Guideline values in Thirumangalam

In Thirumangalam village, 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 guideline value for these streets is Rs 605 per sq.ft, placing the 2024 figure for Thiruvallur Road(Annai Velanganni Nagar First Street to Kandigai) above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value would be Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, making the total cost for these fees Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvallur Road(Annai Velanganni Nagar First Street to Kandigai)?

The Thiruvallur Road(Annai Velanganni Nagar First Street to Kandigai) falls under the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, 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

When buying or selling property in Thirumangalam, the guideline value plays a crucial role in determining the registration fees and stamp duties. The guideline value is essentially the minimum value set by the government for property transactions in the area, ensuring that the transaction is registered at a fair value.

It is important for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. The stamp duty and registration fees are calculated based on this value, so understanding it can help in planning the financial aspects of the property deal.

Frequently asked questions

What is the current guideline value for Thiruvallur Road(Annai Velanganni Nagar First Street to Kandigai)?

The current guideline value for Thiruvallur Road(Annai Velanganni Nagar First Street to Kandigai) 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 the 2012 revision, with no change from the 2023 to 2024 revision. However, it increased from Rs 1,340 per sq.ft in 2017 to Rs 2,000 per sq.ft in 2012.

What is the land classification for this street?

The land classification for Thiruvallur Road(Annai Velanganni Nagar First Street to Kandigai) is Commercial Class I Type - I.

Where can I find the registration office for this street?

The registration office for Thiruvallur Road(Annai Velanganni Nagar First Street to Kandigai) is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 20,00,000, the stamp duty at 7% would be Rs 1,40,000.