Guideline Value for Thomaiyar street

Thomaiyar street guideline value

The current guideline value of Thomaiyar street is Rs 350 per sq.ft, effective from 1 July 2024. This street is located in Thirupanthiyoor village, under the Sunguvarchattram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Thomaiyar street has changed

In the 2012 revision, the guideline value was set at Rs 350 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 234 per sq.ft, marking a decrease of 33%. However, in the 2023 revision, the guideline value returned to Rs 350 per sq.ft, and it remained the same in the 2024 revision, showing no change from the previous year.

Overall, from 2012 to 2024, the guideline value for Thomaiyar street has seen no change, as it has returned to the original figure of Rs 350 per sq.ft. The 2023 to 2024 revision also recorded a 0% change, indicating stability in the guideline value during this period.

Guideline values in Thirupanthiyoor

Thirupanthiyoor village has 53 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 200 to Rs 900 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, which is equal to the current guideline value of Thomaiyar street.

• Thiruvallur Main Road(From PetrolBank To Anthoniyarpuram): Rs 450 per sq.ft (2024)
• Umamageswari Nagar: Rs 200 per sq.ft (2024)
• Thirumanikuppam Salai: Rs 200 per sq.ft (2024)
• Swathi Nagar IV: Rs 612 per sq.ft (2024)
• swathi Nagar: Rs 450 per sq.ft (2024)
• Susaiyapparpuram: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Thomaiyar street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, together amounting to Rs 31,500. 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 Thomaiyar street?

The Sub Registrar Office that covers Thomaiyar street is 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 Thirupanthiyoor

The guideline value is a crucial figure used during property registration in Thirupanthiyoor. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in establishing a fair price for transactions. It also serves as a reference point for both buyers and sellers to understand the value of properties in the area.

Frequently asked questions

What is the current guideline value of Thomaiyar street?

The current guideline value of Thomaiyar street is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Thomaiyar street has seen fluctuations, with a drop to Rs 234 per sq.ft in 2017 from Rs 350 per sq.ft in 2012. It returned to Rs 350 per sq.ft in 2023 and has remained the same in 2024.

What is the land classification for Thomaiyar street?

The land classification for Thomaiyar street is Residential Class I Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office for Thomaiyar street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Thomaiyar street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 3,50,000, the stamp duty would be Rs 24,500 at 7%.