Guideline Value for THAILAVARAM 2ND & 3RD STREET (WARD-21)

Thailavaram 2nd & 3rd Street (Ward-21) guideline value

The current guideline value for Thailavaram 2nd & 3rd Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Konathi village and falls under the Chengleput Joint II SRO, classified as Residential Class II Type - I.

How the guideline value of Thailavaram 2nd & 3rd Street (Ward-21) has changed

The guideline value for Thailavaram 2nd & 3rd Street (Ward-21) has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft, marking a decline of 33%. This was followed by a significant increase to Rs 600 per sq.ft in 2023, and then to Rs 660 per sq.ft in the 2024 revision, reflecting an increase of 10% from the previous year. The overall change from 2012 to 2024 shows a slight increase of 10%.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Konathi

In Konathi village, there are 131 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 2,500 per sq.ft. The median guideline value is Rs 770 per sq.ft, indicating that the value for Thailavaram 2nd & 3rd Street (Ward-21) is below this median.

• Thailavaram Yerikkarai Thideer (Ward-21): Rs 660 per sq.ft (2024)
• Tagore Phase - 1,2 (Tai): Rs 880 per sq.ft (2024)
• Sundaram Nagar (Ward -1): Rs 660 per sq.ft (2024)
• Thirumurugan Nagar Main Road (Ward -1): Rs 770 per sq.ft (2024)
• Srm Nagar (Ward-20): Rs 1,320 per sq.ft (2024)
• Thiruvalluvar Street (Ward-20): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Thailavaram 2nd & 3rd Street (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thailavaram 2nd & 3rd Street (Ward-21)?

The Sub Registrar Office that covers Thailavaram 2nd & 3rd Street (Ward-21) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Konathi. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory when a property is bought or sold.

When you register a property, the guideline value ensures that the transaction is recorded at a fair price, which helps in maintaining transparency in property dealings. This value is also used by the government to assess property taxes and other related fees.

Frequently asked questions

What is the current guideline value for Thailavaram 2nd & 3rd Street (Ward-21)?

The current guideline value for Thailavaram 2nd & 3rd Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024, showing an overall increase of 10% over this period.

What is the registration office for Thailavaram 2nd & 3rd Street (Ward-21)?

The registration office for Thailavaram 2nd & 3rd Street (Ward-21) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What are the stamp duty rates for property in Thailavaram 2nd & 3rd Street (Ward-21)?

The stamp duty for property transactions in Thailavaram 2nd & 3rd Street (Ward-21) is charged at 7% of the guideline value or sale price, whichever is higher.

What other streets have similar guideline values in Konathi?

Other streets in Konathi include Thailavaram Yerikkarai Thideer and Sundaram Nagar, both having a guideline value of Rs 660 per sq.ft in 2024, while streets like Tagore Phase - 1,2 (Tai) have a higher value of Rs 880 per sq.ft.