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

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

The current guideline value of Thailavaram 2nd & 3rd Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Thailavaram village and falls under the Chengleput Joint II SRO. The land classification for this area is 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 has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in the 2017 revision. However, from 2017 to the 2023 revision, the value increased significantly to Rs 600 per sq.ft, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 660 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Thailavaram 2nd & 3rd Street's 2024 figure below this median.

• Thailavaram Yerikkarai Thideer (Ward-21): Rs 660 per sq.ft (2024)
• Tagore Phase - 1,2 (Tai): Rs 881 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 881 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 would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total charges to Rs 59,400. It is important to note that 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 information.

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

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

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

The guideline value is an essential factor when buying or selling property in Thailavaram. It serves as a reference for determining the value of the property for registration purposes. The registration authority uses this value to calculate the applicable stamp duty and registration fees, ensuring that the property is registered at a fair value.

When a property is sold, the guideline value helps in assessing the minimum price at which the property can be registered. This value ensures transparency and standardization in property transactions, safeguarding the interests of both buyers and sellers.

Frequently asked questions

What is the current guideline value of Thailavaram 2nd & 3rd Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Thailavaram 2nd & 3rd Street?

The land classification for Thailavaram 2nd & 3rd Street is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Thailavaram?

The Chengleput Joint II Sub Registrar Office covers Thailavaram 2nd & 3rd Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What are the stamp duty and registration fees for properties in Thailavaram?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 660 per sq.ft, the total charges would be Rs 59,400.