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 Potheri 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 Yerikkarai Thideer (Ward-21) has changed

The guideline value for Thailavaram Yerikkarai Thideer has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 600 per sq.ft, representing a rise of 49%. The most recent revision in 2024 has further increased the value to Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO, with guideline values in 2024 ranging from Rs 440 to Rs 2,970 per sq.ft. The median value for these streets is Rs 770 per sq.ft, indicating that Thailavaram Yerikkarai Thideer (Ward-21) is below the median value.

• 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 would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value and 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, 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 Potheri

The guideline value plays a crucial role in property transactions in Potheri. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. This ensures that the government collects appropriate taxes based on the prevailing market conditions as reflected in the guideline values.

When registering a property, the buyer must ensure that the sale price meets or exceeds the guideline value, as the higher of the two will be used to calculate the applicable fees. This system helps maintain transparency and standardization in property transactions.

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 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 Yerikkarai Thideer (Ward-21)?

The land classification for Thailavaram Yerikkarai Thideer (Ward-21) is Residential Class II Type - I.

Where can I find more information about stamp duty and registration fees?

More information about stamp duty and registration fees can be found using the stamp duty and registration fee calculator.

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

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