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 area is located in Thailavaram village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class II Type - I.

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

Over the years, the guideline value for 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, marking a decrease of 33%. The subsequent 2023 revision increased the value to Rs 600 per sq.ft, and the latest 2024 revision has raised it further to Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street. From the 2017 revision to the 2023 revision, there was a significant increase of 49%, culminating in an overall increase of 10% from the 2012 revision to the 2024 revision.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value across these streets is Rs 770 per sq.ft, placing Thailavaram Yerikkarai Thideer (Ward-21) below this median value.

• Thailavaram 2nd & 3rd Street (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 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, bringing the total to 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 information, 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 details.

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

The guideline value plays a crucial role when buying or selling property in Thailavaram. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price of the property.

When registering a property, the higher value between the guideline value and the sale price is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue based on the property's worth.

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 several times, with the most recent increase from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024. The value was Rs 402 per sq.ft in 2017 and Rs 600 per sq.ft in 2012.

What is the land classification for Thailavaram Yerikkarai Thideer?

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

Where can I find the Sub Registrar Office for this area?

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.

How is stamp duty calculated for properties in Thailavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 at a rate of 7%.