Guideline Value for Thoppu Street

Thoppu Street guideline value

The current guideline value of Thoppu Street is Rs 1,870 per sq.ft, effective from 1 July 2024. This street is located in Mangadu -A village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thoppu Street has changed

The guideline value for Thoppu Street has seen significant changes over the years. In the 2017 revision, the value was Rs 1,139 per sq.ft. This increased to Rs 1,700 per sq.ft in the 2023 revision, marking a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,870 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for Thoppu Street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value is Rs 1,870 per sq.ft, which is equal to the current guideline value of Thoppu Street.

• Thulasidoss Nagar: Rs 2,090 per sq.ft (2024)
• Thiruvenkadam Avenue: Rs 1,320 per sq.ft (2024)
• Thiruvalluvar City III: Rs 2,200 per sq.ft (2024)
• Thiruvalluvar City II: Rs 2,200 per sq.ft (2024)
• Thiruvalluvar City I: Rs 2,200 per sq.ft (2024)
• Udhayakumar Nagar: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Thoppu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total to Rs 1,68,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thoppu Street?

The Sub Registrar Office that covers Thoppu Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value plays a crucial role in the registration process when buying or selling property in Mangadu -A. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the registration process.

Additionally, the guideline value serves as a reference point for property transactions within the locality. It helps in establishing a baseline for negotiations and ensures that both parties are aware of the official valuation set by the Registration Department.

Frequently asked questions

What is the current guideline value of Thoppu Street?

The current guideline value of Thoppu Street is Rs 1,870 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 64%, from Rs 1,139 per sq.ft to Rs 1,870 per sq.ft in 2024. The most recent change was a 10% increase from Rs 1,700 per sq.ft in 2023.

Which Sub Registrar Office covers Thoppu Street?

The Kunrathur Sub Registrar Office covers Thoppu Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

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

For a 1,000 sq.ft plot valued at Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty would be Rs 1,30,900, and the registration fee would be Rs 37,400, totaling Rs 1,68,300.

Where can I find more information about guideline values in Mangadu -A?

For more information about guideline values in Mangadu -A, you can refer to the Registration Department's guideline value register or explore the links provided for other streets in the area.