Guideline Value for THAILAMALL STREET

Thailamall Street guideline value

The current guideline value of Thailamall Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, and it falls under the Residential Class IV Type - III land classification.

How the guideline value of Thailamall Street has changed

Thailamall Street has seen several revisions in its guideline value over the years. The earliest recorded figure is from 2007, which was Rs 900 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a rise of 289%. However, the value then dropped to Rs 2,345 per sq.ft in 2017, a decrease of 33%. The most recent revision in 2024 shows a substantial increase to Rs 3,800 per sq.ft, reflecting a rise of 62% from the 2017 figure.

There are no recorded figures for the years 2023, 2003, and 2002 for Thailamall Street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 322%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Thailamall Street's 2024 figure below that median.

• Thamizhar Veethi: Rs 4,600 per sq.ft (2024)
• Taylors Estate 3rd Street: Rs 7,100 per sq.ft (2024)
• Taylors Estate 2nd Street: Rs 7,100 per sq.ft (2024)
• Taylors Estate 1st Street: Rs 7,100 per sq.ft (2024)
• Tank Street (U.I. Colony): Rs 8,200 per sq.ft (2024)
• Tambaiah Road: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Thailamall Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. 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 accurate calculations.

Which Sub Registrar Office covers Thailamall Street?

The Sub Registrar Office that covers Thailamall Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is an essential factor in the property registration process in Puliyur. It determines the minimum value at which a property can be registered, ensuring that the government collects appropriate stamp duty and registration fees based on this value.

When buying or selling property, both parties must consider the guideline value to ensure compliance with legal requirements. The guideline value serves as a reference point, and it is crucial for accurate financial planning during property transactions.

Frequently asked questions

What is the current guideline value of Thailamall Street?

The current guideline value of Thailamall Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 900 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, marking an overall increase of 322%.

What is the registration office for Thailamall Street?

The registration office for Thailamall Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Thailamall Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 38,00,000 would incur a stamp duty of Rs 2,66,000.

What are the other guideline values in Puliyur?

In Puliyur, guideline values range from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. Thailamall Street's value is below this median.