Guideline Value for CHENNAI CITY

Chennai City guideline value

The current guideline value for Thadaperumbakkam_2 village under the Ponneri SRO is Rs 400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Chennai City has changed

Looking at the revisions, the register for Thadaperumbakkam_2 shows no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 400 per sq.ft, which remained unchanged in the 2024 revision, also at Rs 400 per sq.ft. This indicates a 0% change from 2023 to 2024.

Since the register has no figures for the earlier years, the only revisions available for this street are from 2023 and 2024, both reflecting the same guideline value of Rs 400 per sq.ft.

Guideline values in Thadaperumbakkam_2

In Thadaperumbakkam_2, there are 23 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 300 to Rs 600 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing the 2024 figure for this street above the median.

• Devaki Green Garden: Rs 400 per sq.ft (2024)
• Bharath Nagar: Rs 300 per sq.ft (2024)
• Gandhi Nagar: Rs 300 per sq.ft (2024)
• Annamalai Nagar: Rs 300 per sq.ft (2024)
• Annai Abirami Nagar: Rs 300 per sq.ft (2024)
• A.G.M. Green Garden: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Chennai City

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total fees Rs 36,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chennai City?

The Ponneri Sub Registrar Office covers Chennai City, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thadaperumbakkam_2

The guideline value plays a crucial role during the registration of property transactions in Thadaperumbakkam_2. It is used to determine the stamp duty and registration fees applicable to the property, ensuring that the transaction is recorded at a value that reflects the current market standards.

When buying or selling property, the guideline value must be considered as it affects the overall cost of the transaction. Buyers should be aware that the stamp duty is calculated based on the higher value between the guideline value and the sale price.

Frequently asked questions

What is the current guideline value for Thadaperumbakkam_2?

The current guideline value for Thadaperumbakkam_2 village is Rs 400 per sq.ft, effective from 1 July 2024.

What were the guideline values in previous years?

The guideline values for Thadaperumbakkam_2 were Rs 400 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

How do I calculate the stamp duty for a property in Chennai City?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,00,000, the stamp duty at 7% would be Rs 28,000.

What is the median guideline value for other streets in Thadaperumbakkam_2?

The median guideline value for other streets in Thadaperumbakkam_2 is Rs 300 per sq.ft, while the guideline value for this specific street is above that median.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Ponneri Sub Registrar Office located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more details, you can use the find your SRO tool.