Guideline Value for PROFESER STREET

Profeser Street guideline value

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

How the guideline value of Profeser Street has changed

The guideline value for Profeser Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 988 per sq.ft, which is an increase from Rs 900 per sq.ft in 2023, reflecting a change of +10%. Prior to that, the 2017 revision recorded a value of Rs 603 per sq.ft, marking a significant increase of +49% from 2017 to 2023. The 2012 revision also had a value of Rs 900 per sq.ft, which was a decrease of -33% from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Profeser Street. Overall, from 2012 to 2024, the guideline value has increased by +10%.

Guideline values in Thandurai

In Thandurai village, 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 value for these streets is Rs 988 per sq.ft, which aligns with the 2024 guideline value for Profeser Street.

• P.T.M.S.Street, Ambedkar Nagar: Rs 988 per sq.ft (2024)
• Pushparaj Naidu Street, Railway Line Northern Side: Rs 801 per sq.ft (2024)
• Radhakrishnan Street, Charles Nagar: Rs 988 per sq.ft (2024)
• Railway Line Southern Side Streets: Rs 988 per sq.ft (2024)
• Railway Line Streets (South): Rs 988 per sq.ft (2024)
• Police Quarters (Gandhi Nagar): Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Profeser Street

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 cost for these fees 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Profeser Street?

The Sub Registrar Office that covers Profeser Street 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 critical factor when buying or selling property in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the property registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable taxes and fees, ensuring that both parties are aware of the financial implications of the transaction. It is essential to consult the guideline value register to understand the current rates and any changes that may have occurred over time.

Frequently asked questions

What is the current guideline value of Profeser Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2023 to Rs 988 per sq.ft in 2024, a change of +10%. It was Rs 603 per sq.ft in 2017 and Rs 900 per sq.ft in 2012.

What is the land classification for Profeser Street?

Profeser Street is classified as Residential Class II Type - I under the land classification system.

Where can I find the Sub Registrar Office for Profeser Street?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 988 per sq.ft would incur a total guideline value of Rs 9,88,000, leading to specific fees that can be calculated using the provided tools.