Guideline Value for Thiyagi Sankarlinganar St, Lakshmipuram (Ward-25)

Thiyagi Sankarlinganar St, Lakshmipuram (Ward-25) guideline value

The current guideline value of Thiyagi Sankarlinganar St, Lakshmipuram (Ward-25) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Thiyagi Sankarlinganar St, Lakshmipuram (Ward-25) has changed

The guideline value for Thiyagi Sankarlinganar St has undergone several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in the 2017 revision. However, from 2017 to 2024, the value increased significantly by 62%, reaching the current rate of Rs 1,300 per sq.ft.

Overall, from 2012 to 2024, the guideline value has seen a slight increase of 8%. It is important to note that the register does not have figures for the revisions in 2023, 2007, 2003, and 2002 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. Thiyagi Sankarlinganar St's 2024 figure is below this median.

• Thoothukudi Velaisamy St (Ward-10): Rs 1,300 per sq.ft (2024)
• T.H. Road (Ward No.20): Rs 3,300 per sq.ft (2024)
• Thulasi Nagar: Rs 1,300 per sq.ft (2024)
• Thulasi Nagar, Vinayagapuram (Ward-29): Rs 1,300 per sq.ft (2024)
• Thiru.Vi.Ka 6th Street (Ward-13): Rs 1,600 per sq.ft (2024)
• Thiru.Vi.Ka 5th Street (Ward-13): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Thiyagi Sankarlinganar St, Lakshmipuram (Ward-25)

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that 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 Thiyagi Sankarlinganar St, Lakshmipuram (Ward-25)?

The Sub Registrar Office that covers Thiyagi Sankarlinganar St, Lakshmipuram (Ward-25) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are collected. This process is essential for maintaining transparency and legality in real estate transactions.

Frequently asked questions

What is the current guideline value of Thiyagi Sankarlinganar St?

The current guideline value of Thiyagi Sankarlinganar St, Lakshmipuram (Ward-25) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then increased to Rs 1,300 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 8%.

What is the land classification for Thiyagi Sankarlinganar St?

Thiyagi Sankarlinganar St is classified as Residential Class III Type - I, indicating its designation for residential purposes.

What are the registration fees for property in this area?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000. The duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Thiyagi Sankarlinganar St, Lakshmipuram (Ward-25) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.