Guideline Value for THADAGAM AVENUE

Thadagam Avenue guideline value

The current guideline value of Thadagam Avenue in Oothivakkam village is Rs 650 per sq.ft, effective from the 2024 revision. This property falls under the Thiruporur SRO and is classified as Residential Class I Type - III.

How the guideline value of Thadagam Avenue has changed

In the 2024 revision, the guideline value for Thadagam Avenue is Rs 650 per sq.ft, which remains unchanged from the 2023 revision, where it was also Rs 650 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the guideline value has seen no increase from 2023 to 2024, reflecting a stable valuation in this period. The absence of figures in earlier revisions indicates that the valuation for Thadagam Avenue has not been updated in those years.

Guideline values in Oothivakkam

Within Oothivakkam, there are 20 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,792 per sq.ft. The median guideline value for these streets is Rs 825 per sq.ft, placing Thadagam Avenue's current figure below this median.

• Thancham Avenue: Rs 650 per sq.ft (2024)
• Thanikgai Avenue: Rs 650 per sq.ft (2024)
• Sri Varman Nagar: Rs 200 per sq.ft (2024)
• Sri Sivadurgai Garden: Rs 200 per sq.ft (2024)
• Sri Sathya Sai Nagar Ext II: Rs 1,792 per sq.ft (2024)
• Sri Sathya Sai Nagar Ext I: Rs 1,792 per sq.ft (2024)

Stamp duty and registration fee for property in Thadagam Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 650 per sq.ft, the total guideline value would be Rs 6,50,000. The stamp duty, charged at 7%, would amount to Rs 45,500, while the registration fee at 2% would be Rs 13,000, bringing the total fees together to Rs 58,500. 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 precise calculations based on your specific property details.

Which Sub Registrar Office covers Thadagam Avenue?

The Thadagam Avenue is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Oothivakkam. It is the minimum value set by the government for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in determining the applicable taxes and fees, which are essential for the legal transfer of ownership. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be considered for duty calculations.

Frequently asked questions

What is the current guideline value of Thadagam Avenue?

The current guideline value of Thadagam Avenue is Rs 650 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value for Thadagam Avenue has remained unchanged at Rs 650 per sq.ft from 2023 to 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value of streets in Oothivakkam?

The median guideline value of the 20 streets in Oothivakkam is Rs 825 per sq.ft, which is higher than the current value of Thadagam Avenue.

How is stamp duty calculated for properties in Thadagam Avenue?

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 650 per sq.ft would incur a stamp duty of Rs 45,500.

Where can I find the Sub Registrar Office for Thadagam Avenue?

The Thiruporur Sub Registrar Office covers Thadagam Avenue and is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.