Guideline Value for Thoilkapiyam Street

Thoilkapiyam Street guideline value

The current guideline value of Thoilkapiyam Street in Hastinapuram village, under the Pallavaram SRO, is Rs 2,970 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Thoilkapiyam Street has changed

The guideline value for Thoilkapiyam Street has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 2,700 per sq.ft in 2012, marking a substantial rise of 575%. However, there was a decrease to Rs 1,809 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 2,700 per sq.ft in 2023, followed by the latest revision to Rs 2,970 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available in the register for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 643%.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 4,400 per sq.ft, with the median being Rs 2,970 per sq.ft. The guideline value of Thoilkapiyam Street matches this median value.

• Thiyagarayar Road: Rs 3,850 per sq.ft (2024)
• Thiyagarajan Street: Rs 2,420 per sq.ft (2024)
• Thiru.Vi.Ka Nagar Main Road: Rs 3,850 per sq.ft (2024)
• Thiru.Vi.Ka.Nagar 2nd Street: Rs 2,380 per sq.ft (2024)
• Thiru.VI.Ka 1 And 2nd Cross Street: Rs 2,380 per sq.ft (2024)
• Thiruvaluvar Nagar & Street: Rs 2,380 per sq.ft (2024)

Stamp duty and registration fee for property in Thoilkapiyam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,970 per sq.ft, the total guideline value would be Rs 29,70,000. The stamp duty at 7% would amount to Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, bringing the total to Rs 2,67,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thoilkapiyam Street?

Thoilkapiyam Street is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 Hastinapuram

The guideline value is a crucial reference point when buying or selling property in Hastinapuram. It helps determine the stamp duty and registration fees payable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations and to accurately assess the costs involved in property transactions.

At the time of registration, the guideline value is used to calculate the applicable fees, which are mandatory for all property transactions. This ensures that both parties are aware of the financial obligations tied to the sale or purchase of property in the area.

Frequently asked questions

What is the current guideline value of Thoilkapiyam Street?

The current guideline value of Thoilkapiyam Street is Rs 2,970 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 400 per sq.ft in 2007 to Rs 2,970 per sq.ft in 2024, reflecting an overall increase of 643% over the years.

What are the stamp duty and registration fees for properties on Thoilkapiyam Street?

For a property valued at Rs 29,70,000, the stamp duty would be Rs 2,07,900 and the registration fee would be Rs 59,400, totaling Rs 2,67,300.

Which office handles registrations for Thoilkapiyam Street?

The Pallavaram Sub Registrar Office handles registrations for Thoilkapiyam Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the guideline value determined for properties in Hastinapuram?

The guideline value is determined by the Registration Department and is used to calculate stamp duty and registration fees for property transactions in Hastinapuram.