Guideline Value for CHOLAN ST

Cholan St guideline value

The current guideline value of Cholan St, located in Thandurai village under the Avadi SRO, is Rs 988 per sq.ft. This value is effective from the 1st of July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Cholan St has changed

Over the years, the guideline value of Cholan St has seen several revisions. The 2012 revision set the value at Rs 900 per sq.ft, which was then reduced to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 900 per sq.ft in the 2023 revision, and finally to Rs 988 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In terms of percentage changes, the value rose by 49% from 2017 to 2023. However, the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Thandurai

In Thandurai, 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 guideline value for these streets is Rs 988 per sq.ft, which is equal to the 2024 figure for Cholan St. Below are other streets in Thandurai:

• CHOLAN NAGAR to PATTABIRAM POLICE STATION: Rs 1,980 per sq.ft (2024)
• Cholan Nagar: Rs 988 per sq.ft (2024)
• Church St: Rs 800 per sq.ft (2024)
• Chitheri Karai: Rs 800 per sq.ft (2024)
• Colony St: Rs 800 per sq.ft (2024)
• C.P.M.Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Cholan St

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value amounts to 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, bringing the total charges to Rs 88,920. 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 more details.

Which Sub Registrar Office covers Cholan St?

The Sub Registrar Office covering Cholan St 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 applicable to the transaction.

When a property is registered, the authorities will assess the guideline value to calculate the necessary fees. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the correct amount is collected during the registration process.

Frequently asked questions

What is the current guideline value of Cholan St?

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

How has the guideline value changed over the years?

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

What is the land classification for Cholan St?

Cholan St falls under the Residential Class II Type - I land classification.

Where can I find the Sub Registrar Office for Cholan St?

The Avadi Sub Registrar Office covers Cholan St and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Thandurai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 9,88,000, the stamp duty at 7% would be Rs 69,160.