Guideline Value for AMBEDKAR STREET THAILAVARAM (WARD-21)

Ambedkar Street Thailavaram (Ward-21) guideline value

The current guideline value of Ambedkar Street Thailavaram (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Thailavaram village under the Chengleput Joint II SRO, classified as Residential Class II Type - I.

How the guideline value of Ambedkar Street Thailavaram (Ward-21) has changed

The guideline value for Ambedkar Street Thailavaram has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017, marking a decline of 33%. However, the value increased significantly to Rs 600 per sq.ft in the 2023 revision, and then rose again to Rs 660 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. Overall, from the 2012 revision to the current 2024 figure, the guideline value has increased by 10%. It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thailavaram

In Thailavaram village, there are 132 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 770 per sq.ft. The guideline value of Rs 660 per sq.ft for Ambedkar Street Thailavaram is below this median.

• Ambedkar Street (Ward -1): Rs 660 per sq.ft (2024)
• Ambedkar Street (Ward -20): Rs 881 per sq.ft (2024)
• Amman Koil Street (Ward-20): Rs 881 per sq.ft (2024)
• Annai Indra Street (Ward-21): Rs 660 per sq.ft (2024)
• Annai Therasha Street (Ward-20): Rs 881 per sq.ft (2024)
• Abi Krishna Avenue: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkar Street Thailavaram (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. Please note that duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambedkar Street Thailavaram (Ward-21)?

The Sub Registrar Office that covers Ambedkar Street Thailavaram (Ward-21) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is an important factor in the registration process when buying or selling property in Thailavaram. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. This helps maintain transparency and fairness in property transactions in the region.

Frequently asked questions

What is the current guideline value of Ambedkar Street Thailavaram (Ward-21)?

The current guideline value of Ambedkar Street Thailavaram (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Ambedkar Street Thailavaram?

Ambedkar Street Thailavaram is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which office handles registrations for Ambedkar Street Thailavaram?

The Chengleput Joint II Sub Registrar Office handles registrations for Ambedkar Street Thailavaram, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.