Guideline Value for Turgai amman street

Turgai amman street guideline value

The current guideline value of Turgai amman street is Rs 102 per sq.ft, effective from 1 July 2024. This street is located in Thandarai-1 village under the Salavakkam SRO, classified as Residential Class III Type - I.

How the guideline value of Turgai amman street has changed

In the 2017 revision, the guideline value was set at Rs 33 per sq.ft. This figure saw a significant increase to Rs 100 per sq.ft in the 2023 revision, marking a change of 203%. The most recent revision in 2024 has further increased the guideline value to Rs 102 per sq.ft, which is a 2% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for Turgai amman street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 209%.

Guideline values in Thandarai-1

In Thandarai-1, there are five streets under the Salavakkam SRO that have a guideline value for 2024, ranging from Rs 100 to Rs 102 per sq.ft. The median guideline value for these streets is Rs 101 per sq.ft, which means Turgai amman street's 2024 figure is above that median.

• Second street: Rs 101 per sq.ft (2024)
• Pillaiyarkovil street: Rs 100 per sq.ft (2024)
• First street: Rs 101 per sq.ft (2024)
• Ambedkar street: Rs 102 per sq.ft (2024)

Stamp duty and registration fee for property in Turgai amman street

For a 1,000 sq.ft plot at the current guideline value of Rs 102 per sq.ft, the total guideline value would be Rs 1,02,000. The stamp duty at 7% would be Rs 7,140, and the registration fee at 2% would be Rs 2,040, bringing the total fees to Rs 9,180. It is important to note that 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 more details.

Which Sub Registrar Office covers Turgai amman street?

The Sub Registrar Office that covers Turgai amman street is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thandarai-1

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Thandarai-1, the guideline value is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during the registration process. This helps in accurately assessing the financial implications of the property transaction.

Frequently asked questions

What is the current guideline value of Turgai amman street?

The current guideline value of Turgai amman street is Rs 102 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 33 per sq.ft in 2017 to Rs 102 per sq.ft in 2024, marking an overall increase of 209% over this period.

What are the stamp duty and registration fees for property in Turgai amman street?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,02,000, with stamp duty at Rs 7,140 and registration fee at Rs 2,040, totaling Rs 9,180.

Which Sub Registrar Office covers Turgai amman street?

The Salavakkam Sub Registrar Office covers Turgai amman street, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

What is the median guideline value for streets in Thandarai-1?

The median guideline value for streets in Thandarai-1 is Rs 101 per sq.ft, with Turgai amman street's value being above this median at Rs 102 per sq.ft.