Guideline Value for ST.THOMAS ST

St.Thomas St guideline value

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

How the guideline value of St.Thomas St has changed

The guideline value for St.Thomas St has seen several revisions over the years. In 2012, the value was Rs 900 per sq.ft, which decreased to Rs 603 per sq.ft in 2017. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and then rose again to Rs 988 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figures for this street in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The 2024 figure of Rs 988 per sq.ft is equal to 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. St.Thomas St's 2024 guideline value aligns with this median. Here are some other streets in Thandurai:

• St.Thomas St, Kamarajapuram: Rs 988 per sq.ft (2024)
• St.Antoniyar St: Rs 988 per sq.ft (2024)
• Sundarambal St (M.T.H.Road Southern Side): Rs 1,300 per sq.ft (2024)
• Sri Sakthi Nagar Extn: Rs 988 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 988 per sq.ft (2024)
• Sushil Franchis St (Ambedkar Nagar): Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in St.Thomas St

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

Which Sub Registrar Office covers St.Thomas St?

The Sub Registrar Office that covers St.Thomas St 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 crucial factor in the registration process when buying or selling property in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of St.Thomas St?

The current guideline value of St.Thomas St is Rs 988 per sq.ft as per the 2024 revision 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 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification for St.Thomas St?

St.Thomas St is classified under Residential Class II Type - I as per the land classification guidelines.

What are the stamp duty and registration fees for a property in St.Thomas St?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 69,160, and the registration fee would be Rs 19,760, totaling Rs 88,920.

Where can I find the Sub Registrar Office for St.Thomas St?

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