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 Vallancheri village under the Chengleput Joint II SRO, and it falls under the Residential Class II Type - I land classification.

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. The most recent revision in 2024 set the value at Rs 660 per sq.ft, reflecting a 10% increase from Rs 600 per sq.ft in 2023. Prior to that, the value was Rs 402 per sq.ft in 2017, marking a significant increase of 49% from the previous figure.

In 2012, the guideline value was Rs 600 per sq.ft, which was a decrease of 33% from Rs 402 per sq.ft in 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO with 2024 guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 825 per sq.ft, placing Thailavaram 2nd & 3rd Street's 2024 figure below that 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 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, resulting in a total of Rs 59,400. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Vallancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the guideline value is used to calculate the applicable duties and fees, ensuring that all transactions are subject to the same valuation standards. This helps maintain transparency and consistency in property dealings within the area.

Frequently asked questions

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

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 2023 to Rs 660 per sq.ft in 2024, a 10% increase. It was Rs 402 per sq.ft in 2017 and Rs 600 per sq.ft in 2012, indicating various fluctuations over the years.

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

Thailavaram 2nd & 3rd Street is classified as Residential Class II Type - I, which is relevant for determining its guideline value.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in the area.

How is stamp duty calculated for properties in Vallancheri?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 660 per sq.ft incurs a total guideline value of Rs 6,60,000, with stamp duty calculated at 7% of this value.