Guideline Value for CHURCH ST

Church St guideline value

The current guideline value of Church St in Thandurai village is Rs 800 per sq.ft, effective from 1 July 2024. This falls under the Avadi SRO and is classified as Residential Class II Type - II.

How the guideline value of Church St has changed

In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. This value remained unchanged in the 2017 revision, where it was Rs 536 per sq.ft. The 2023 revision again listed the value at Rs 800 per sq.ft. The 2024 revision also maintains this figure at Rs 800 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, followed by an increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 800 per sq.ft.

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, with a median value of Rs 988 per sq.ft. The guideline value of Church St is below this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. 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 more details.

Which Sub Registrar Office covers Church St?

The Church St falls under the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, you can visit the provided link.

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

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 Thandurai, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction complies with local regulations.

During the registration process, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Church St?

The current guideline value of Church St is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with a decrease of 33% from 2012 to 2017, followed by an increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the value has remained unchanged at Rs 800 per sq.ft.

What is the median guideline value in Thandurai?

The median guideline value in Thandurai is Rs 988 per sq.ft, with Church St's value being below this median.

What fees are associated with buying property on Church St?

When buying property on Church St, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees would total Rs 72,000.

Where is the Sub Registrar Office for Church St located?

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