Guideline Value for THACHAN STREET

Thachan Street guideline value

The current guideline value of Thachan Street is Rs 101 per sq.ft, effective from 1 July 2024. This street is located in the village of Cheyyur, under the Cheyyur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Thachan Street has changed

The guideline value for Thachan Street has seen several revisions over the years. In the 2017 revision, the value was set at Rs 50 per sq.ft. This figure increased significantly to Rs 100 per sq.ft in the 2023 revision, marking a 100% increase. The latest revision in 2024 has raised the guideline value to Rs 101 per sq.ft, reflecting a 1% increase from the previous year.

It is important to note that the register has no figures for Thachan Street for the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 102%.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median value is Rs 101 per sq.ft, which is equal to the 2024 figure for Thachan Street.

• Thandumariyamman Koil Street: Rs 101 per sq.ft (2024)
• Sundivakathar Street: Rs 200 per sq.ft (2024)
• Thiropathiamman Koil Street: Rs 350 per sq.ft (2024)
• Sumangali Nagar: Rs 101 per sq.ft (2024)
• VADACOLONY 1st STREET: Rs 101 per sq.ft (2024)
• Vadakku Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Thachan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 101 per sq.ft, the total guideline value amounts to Rs 1,01,000. The stamp duty, calculated at 7%, would be Rs 7,070, and the registration fee at 2% would be Rs 2,020, bringing the total fees to Rs 9,090. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Thachan Street?

The Sub Registrar Office that covers Thachan Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value plays a crucial role in the registration process when buying or selling property in Cheyyur - A. It determines the minimum value at which property transactions must be registered, ensuring transparency and fairness in property dealings.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thachan Street?

The current guideline value of Thachan Street is Rs 101 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 50 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, and then to Rs 101 per sq.ft in 2024. This represents a total increase of 102% from 2017 to 2024.

What is the land classification for Thachan Street?

Thachan Street is classified as Residential Class IV Type - I under the guideline value register.

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

The Cheyyur Sub Registrar Office is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

How is stamp duty calculated for properties in Thachan Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 101 per sq.ft would incur a stamp duty of Rs 7,070.