Guideline Value for Tirumangai Azhwar Street

Tirumangai Azhwar Street guideline value

The current guideline value of Tirumangai Azhwar Street is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village under the Sriperumpudur SRO, classified as Residential Special Type - I.

How the guideline value of Tirumangai Azhwar Street has changed

In the 2017 revision, the guideline value for Tirumangai Azhwar Street was Rs 1,206 per sq.ft. This figure remained unchanged at Rs 1,800 per sq.ft in the 2023 revision and continues to hold the same value in the 2024 revision, indicating a 49% increase from the 2017 revision to the 2024 revision.

The revisions for the years 2002, 2003, 2007, and 2012 do not have any figures recorded for this street. Therefore, the guideline value has seen a consistent increase of 49% from 2017 to 2024, with no change between 2023 and 2024.

Guideline values in Sriperumbudur A

In Sriperumbudur A village, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value for Tirumangai Azhwar Street is above this median.

• Titti Vasal Street: Rs 1,200 per sq.ft (2024)
• T.R.C Nagar: Rs 700 per sq.ft (2024)
• True value Homes: Rs 700 per sq.ft (2024)
• Vada Pushkarani Street: Rs 700 per sq.ft (2024)
• Thirupathy Nagar: Rs 1,200 per sq.ft (2024)
• Thirumangai Alwar Kulakarai Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Tirumangai Azhwar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, making the total fees Rs 1,62,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Tirumangai Azhwar Street?

The Sub Registrar Office that covers Tirumangai Azhwar Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Sriperumbudur A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in the transaction process.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Tirumangai Azhwar Street?

The current guideline value of Tirumangai Azhwar Street is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 1,800 per sq.ft from 2023 to 2024. However, it increased by 49% from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2024.

What is the land classification for Tirumangai Azhwar Street?

Tirumangai Azhwar Street is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total fees would be Rs 1,62,000.

Where is the Sub Registrar Office for Tirumangai Azhwar Street located?

The Sub Registrar Office for Tirumangai Azhwar Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.