Guideline Value for THAGOOR STREET

Thagoor Street guideline value

The current guideline value of Thagoor Street in Jelandianpettai village is Rs 2,750 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class I Type - I.

How the guideline value of Thagoor Street has changed

Thagoor Street has undergone several revisions in its guideline value over the years. The earliest available revision is from 2012, where the guideline value was Rs 2,500 per sq.ft. This figure remained until the 2017 revision, which saw a decrease to Rs 1,675 per sq.ft, a change of -33%. The subsequent revisions showed a significant increase, with the 2023 revision rising to Rs 2,500 per sq.ft, followed by the latest 2024 revision, which set the guideline value at Rs 2,750 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Thagoor Street. Overall, from 2012 to 2024, the guideline value has increased by 10%, reflecting the changes in the revisions over the years.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Thagoor Street's 2024 guideline value above this median.

• Tambaram Vellacheri Main Road: Rs 4,950 per sq.ft (2024)
• Sundaresan Nagar: Rs 2,750 per sq.ft (2024)
• Thirukural Street: Rs 2,200 per sq.ft (2024)
• Subramani Nagar 5th Street: Rs 2,750 per sq.ft (2024)
• Subramani Nagar 4th Street: Rs 2,750 per sq.ft (2024)
• Subramani Nagar 3rd Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Thagoor Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. 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 accurate estimates based on your specific property details.

Which Sub Registrar Office covers Thagoor Street?

Thagoor Street is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Jelandianpettai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

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

Frequently asked questions

What is the current guideline value of Thagoor Street?

The current guideline value of Thagoor Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification of Thagoor Street?

Thagoor Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office covering Thagoor Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for properties in Thagoor Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 at a rate of 7%.