Guideline Value for THAILAVARAM YERIKKARAI THIDEER (WARD-21)

Thailavaram Yerikkarai Thideer (Ward-21) guideline value

The current guideline value of Thailavaram Yerikkarai Thideer (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Konathi village under the Chengleput Joint II SRO, classified as Residential Class II Type - I.

How the guideline value of Thailavaram Yerikkarai Thideer (Ward-21) has changed

Over the years, the guideline value of Thailavaram Yerikkarai Thideer has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft. However, the subsequent 2023 revision increased the value significantly to Rs 600 per sq.ft, followed by the latest 2024 revision, which raised it further to Rs 660 per sq.ft.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024. There was a notable increase of 49% from 2017 to 2023. Conversely, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures 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 that have a 2024 guideline value ranging from Rs 440 to Rs 2,500 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Thailavaram Yerikkarai Thideer (Ward-21) below this median.

• Thailavaram 2nd & 3rd Street (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 Yerikkarai Thideer (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 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thailavaram Yerikkarai Thideer (Ward-21)?

The Sub Registrar Office that covers Thailavaram Yerikkarai Thideer (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 critical figure used during the registration process when buying or selling property in Konathi. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registry.

Frequently asked questions

What is the current guideline value of Thailavaram Yerikkarai Thideer (Ward-21)?

The current guideline value of Thailavaram Yerikkarai Thideer (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 660 per sq.ft in 2024, with a notable increase of 49% from 2017 to 2023.

What is the land classification for Thailavaram Yerikkarai Thideer (Ward-21)?

Thailavaram Yerikkarai Thideer (Ward-21) is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value or sale price.

Where can I find the Sub Registrar Office for Thailavaram Yerikkarai Thideer (Ward-21)?

The Sub Registrar Office for Thailavaram Yerikkarai Thideer (Ward-21) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.