Guideline Value for NANDHAKUMAR STREET, THAILAVARAM (WARD-21)

Nandhakumar Street, Thailavaram (Ward-21) guideline value

The current guideline value of Nandhakumar Street, Thailavaram (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Thailavaram village and falls under the Chengleput Joint II SRO, classified as Residential Class II Type - I.

How the guideline value of Nandhakumar Street, Thailavaram (Ward-21) has changed

The guideline value for Nandhakumar Street has seen several revisions over the years. In 2012, the value was Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017, marking a decline of 33%. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and further rose to Rs 660 per sq.ft in the 2024 revision, reflecting a 10% increase.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thailavaram

In Thailavaram village, there are 132 streets under the Chengleput Joint II SRO with 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 Nandhakumar Street's 2024 figure below this median.

• Narasimman Nagar (Ward-21): Rs 1,980 per sq.ft (2024)
• Narasimman Street (Ward-21): Rs 660 per sq.ft (2024)
• Neenjili Amman Koil Street (Ward-21): Rs 660 per sq.ft (2024)
• Muthulinga Devar Street (Ward-21): Rs 660 per sq.ft (2024)
• Nehru Street (Ward-21): Rs 660 per sq.ft (2024)
• Mooppanar Street (Ward-20): Rs 881 per sq.ft (2024)

Stamp duty and registration fee for property in Nandhakumar Street, Thailavaram (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nandhakumar Street, Thailavaram (Ward-21)?

The Sub Registrar Office that covers Nandhakumar Street 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 plays a crucial role in property transactions in Thailavaram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees payable during the registration process. This ensures that the transaction is recorded accurately in accordance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it can impact the overall costs associated with property transactions. Understanding the guideline value helps in budgeting for these expenses effectively.

Frequently asked questions

What is the current guideline value of Nandhakumar Street?

The current guideline value of Nandhakumar Street, Thailavaram (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the classification of Nandhakumar Street?

Nandhakumar Street is classified as Residential Class II Type - I under the Chengleput Joint II SRO.

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

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

Where is the Sub Registrar Office for Nandhakumar Street located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.