Guideline Value for Thriuveethiamman Street

Thriuveethiamman Street guideline value

The current guideline value of Thriuveethiamman Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Malaipattu village under the Sunguvarchattram SRO and falls under the Residential Class IV Type - I land classification.

How the guideline value of Thriuveethiamman Street has changed

Looking at the revisions, the guideline value for Thriuveethiamman Street was Rs 150 per sq.ft in both the 2023 and 2024 revisions. The 2017 revision had a lower figure of Rs 100 per sq.ft, which indicates a 50% increase from 2017 to 2023. Prior to that, in the 2012 revision, the value was Rs 150 per sq.ft, showing a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 150 per sq.ft.

For the years 2002, 2003, and 2007, the register has no figure for Thriuveethiamman Street. This means there are no recorded values for these years in the guideline value register.

Guideline values in Malaipattu

In Malaipattu, there are 36 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,181 per sq.ft. The median guideline value in the village is Rs 200 per sq.ft, which means Thriuveethiamman Street's 2024 figure is below that median.

• Thirumallai Nayakar Street: Rs 150 per sq.ft (2024)
• Thambaram-Sriperumbudur Salai(Pazhavathamman kovil to Bustop): Rs 441 per sq.ft (2024)
• Teachers Chennai Fair Land: Rs 300 per sq.ft (2024)
• Vignesh Nagar: Rs 200 per sq.ft (2024)
• Sri Saravana Nagar: Rs 200 per sq.ft (2024)
• V.O.C Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Thriuveethiamman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, while the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thriuveethiamman Street?

The Sub Registrar Office that covers Thriuveethiamman 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 Malaipattu

The guideline value is a crucial factor in the registration process when buying or selling property in Malaipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable fees. This ensures that the government receives the correct amount of revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Thriuveethiamman Street?

The current guideline value of Thriuveethiamman Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2012 to 2024, with a previous value of Rs 100 per sq.ft in 2017. There was a 50% increase from 2017 to 2023.

What is the median guideline value in Malaipattu?

The median guideline value in Malaipattu is Rs 200 per sq.ft, which means Thriuveethiamman Street's current value is below this median.

What are the stamp duty and registration fees for property in Thriuveethiamman Street?

For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 13,500, including stamp duty and registration fees.

Which Sub Registrar Office covers Thriuveethiamman Street?

The Sunguvarchattram Sub Registrar Office covers Thriuveethiamman Street, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.