Guideline Value for CHATHIRAM ROAD

Chathiram Road guideline value

The current guideline value of Chathiram Road in Thandurai village, under the Avadi SRO, is Rs 988 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Chathiram Road has changed

The guideline value for Chathiram Road has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 900 per sq.ft, and the latest revision in 2024 has further raised it to Rs 988 per sq.ft, reflecting a 10% increase from the previous year.

In summary, the changes from the 2012 revision to the 2024 revision show an overall increase of 10%. The 2023 to 2024 revision indicates a 10% rise. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median value is Rs 988 per sq.ft, which is the same as the current value for Chathiram Road.

• Chathiram: Rs 988 per sq.ft (2024)
• Charles Nagar 1st Cross St: Rs 988 per sq.ft (2024)
• Charcles Nagar: Rs 988 per sq.ft (2024)
• Cheran St: Rs 988 per sq.ft (2024)
• Chitheri Karai: Rs 800 per sq.ft (2024)
• Cholan Nagar: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Chathiram Road

For a 1,000 sq.ft plot at the current guideline value of Rs 9,88,000, the stamp duty at 7% would be Rs 69,160, and the registration fee at 2% would be Rs 19,760, totaling Rs 88,920. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Chathiram Road?

The Sub Registrar Office that covers Chathiram Road is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

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

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Chathiram Road?

The current guideline value of Chathiram Road is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What are the other streets in Thandurai with the same guideline value?

Other streets in Thandurai with a guideline value of Rs 988 per sq.ft include Chathiram, Charles Nagar 1st Cross St, Charcles Nagar, Cheran St, and Cholan Nagar.

What are the stamp duty and registration fees for properties in Chathiram Road?

For a property valued at Rs 9,88,000, the stamp duty would be Rs 69,160 and the registration fee would be Rs 19,760, totaling Rs 88,920.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Avadi Sub Registrar Office located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.