Guideline Value for RAILWAY LINE STREETS (SOUTH)

Railway Line Streets (South) guideline value

The current guideline value of Railway Line Streets (South) in Thandurai village, under the Avadi SRO, is Rs 988 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Railway Line Streets (South) has changed

In the 2012 revision, the guideline value was Rs 900 per sq.ft. This figure decreased to Rs 603 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value saw a significant increase to Rs 900 per sq.ft in the 2023 revision, followed by a further rise to Rs 988 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year. The register has no figure for this street in the revisions of 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2012 to 2024, there has been a 10% increase. The current rate of Rs 988 per sq.ft aligns with the median value of Rs 988 per sq.ft for the 331 streets in Thandurai under the Avadi SRO.

Guideline values in Thandurai

In Thandurai, the guideline values range from Rs 800 to Rs 2,640 per sq.ft, with the median being Rs 988 per sq.ft. Railway Line Streets (South) shares its 2024 guideline value with several other streets in Thandurai:

• Railway Line Southern Side Streets: Rs 988 per sq.ft (2024)
• Rajagopal Street, (M.T.H.Road Southern Side): Rs 988 per sq.ft (2024)
• Radhakrishnan Street, Charles Nagar: Rs 988 per sq.ft (2024)
• Pushparaj Naidu Street, Railway Line Northern Side: Rs 801 per sq.ft (2024)
• Raja Street, Charles Nagar: Rs 800 per sq.ft (2024)
• P.T.M.S.Street, Ambedkar Nagar: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Railway Line Streets (South)

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 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. For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Railway Line Streets (South)?

The Railway Line Streets (South) are covered by 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Thandurai, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration office will use it to calculate applicable fees.

When a property is sold, the guideline value helps in assessing the stamp duty and registration fees that need to be paid. It ensures that the transaction is recorded at a fair value, reflecting the current market conditions as per the official register.

Frequently asked questions

What is the current guideline value of Railway Line Streets (South)?

The current guideline value of Railway Line Streets (South) is Rs 988 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2012 revision, the guideline value has changed from Rs 900 to Rs 603 in 2017, then to Rs 900 in 2023, and finally to Rs 988 in 2024. This reflects various increases and decreases over the years.

What is the land classification for Railway Line Streets (South)?

Railway Line Streets (South) is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Railway Line Streets (South)?

The Avadi Sub Registrar Office covers Railway Line Streets (South) 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 Railway Line Streets (South)?

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