Guideline Value for Thiyagarayar Street

Thiyagarayar Street guideline value

The current guideline value of Thiyagarayar Street in Perungalathur village, under the Padappai SRO, is Rs 2,310 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Thiyagarayar Street has changed

Thiyagarayar Street has seen several revisions in its guideline value over the years. The 2007 revision set the value at Rs 250 per sq.ft, which increased significantly to Rs 2,100 per sq.ft in 2012, marking a remarkable increase of 740%. However, this value decreased to Rs 1,407 per sq.ft in 2017, reflecting a drop of 33%. The subsequent revision in 2023 raised the value to Rs 2,100 per sq.ft, followed by the current value of Rs 2,310 per sq.ft in 2024, which represents a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for Thiyagarayar Street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 824%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,310 per sq.ft, which is equal to the current value of Thiyagarayar Street.

• Thiyagi Viswanatha das Nagar: Rs 1,650 per sq.ft (2024)
• Thiru V.K. Street: Rs 2,640 per sq.ft (2024)
• Thiru Venkatapuram: Rs 1,980 per sq.ft (2024)
• Thiruvengada Nagar Church Street: Rs 2,310 per sq.ft (2024)
• Tirupur Kumaran Street: Rs 3,960 per sq.ft (2024)
• Thiruvalluvar Street: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Thiyagarayar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value would be Rs 23,10,000. The stamp duty at 7% would amount to Rs 1,61,700, while the registration fee at 2% would be Rs 46,200, bringing the total fees together to Rs 2,07,900. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thiyagarayar Street?

The Sub Registrar Office that covers Thiyagarayar Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiyagarayar Street?

The current guideline value of Thiyagarayar Street is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 250 per sq.ft in 2007 to Rs 2,310 per sq.ft in 2024, reflecting an overall increase of 824% over the years.

What is the land classification of Thiyagarayar Street?

Thiyagarayar Street is classified as Residential Class II Type - I according to the guidelines.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 23,10,000, leading to a stamp duty of Rs 1,61,700 and a registration fee of Rs 46,200, totaling Rs 2,07,900.

Where is the Sub Registrar Office for Thiyagarayar Street located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.