Guideline Value for G.S.T ROAD THAILAVARAM (WARD-21)

G.S.T Road Thailavaram (Ward-21) guideline value

The current guideline value of G.S.T Road Thailavaram (Ward-21) is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Thailavaram village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of G.S.T Road Thailavaram (Ward-21) has changed

The guideline value for G.S.T Road Thailavaram has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was set at Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in 2017. The value then increased significantly to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024. The changes between these revisions include a 49% increase from 2017 to 2023 and a 10% increase from 2023 to 2024. The register has no figures for the years 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The fluctuations in these values reflect the changes in the real estate landscape in the area over time.

Guideline values in Thailavaram

In Thailavaram, 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. The median value for these streets is Rs 770 per sq.ft, placing G.S.T Road Thailavaram (Ward-21) above this median.

• G.S.T.Road (Ward -1): Rs 2,200 per sq.ft (2024)
• Gst Road Potheri (Ward-20): Rs 2,200 per sq.ft (2024)
• G.S.T. Road Chamundeeswari (Ward-21): Rs 2,200 per sq.ft (2024)
• Gurusamy Street (Ward-21): Rs 660 per sq.ft (2024)
• Handicaped Street (Ward-21): Rs 660 per sq.ft (2024)
• Gopula Krishna Nagar (Tai): Rs 881 per sq.ft (2024)

Stamp duty and registration fee for property in G.S.T Road Thailavaram (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers G.S.T Road Thailavaram (Ward-21)?

The Sub Registrar Office covering G.S.T Road Thailavaram (Ward-21) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Thailavaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential components of the transaction cost. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of G.S.T Road Thailavaram (Ward-21)?

The current guideline value of G.S.T Road Thailavaram (Ward-21) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 10%.

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

The stamp duty for a property in G.S.T Road Thailavaram (Ward-21) is 7%, and the registration fee is 2%. For example, for a 1,000 sq.ft plot at the current rate, the total cost would be Rs 1,98,000.

Where can I find the Sub Registrar Office for G.S.T Road Thailavaram (Ward-21)?

The Sub Registrar Office for G.S.T Road Thailavaram (Ward-21) is located at Chengleput Joint II Sub Registrar Office, 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the median guideline value for streets in Thailavaram?

The median guideline value for streets in Thailavaram is Rs 770 per sq.ft. G.S.T Road Thailavaram (Ward-21) has a guideline value above this median, currently set at Rs 2,200 per sq.ft.