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 Vallancheri 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

The guideline value for Thailavaram Yerikkarai Thideer has undergone several revisions over the years. In 2012, the guideline value was Rs 600 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 402 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 600 per sq.ft in 2023, and further rose to Rs 660 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 825 per sq.ft. Thailavaram Yerikkarai Thideer (Ward-21) is 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, totaling Rs 59,400. Please 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 details.

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. 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 property transactions in Vallancheri. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the government collects the appropriate revenue based on the property’s value as determined by the guideline value register.

When selling property, the guideline value helps establish a baseline for negotiations and pricing. Buyers and sellers can refer to the guideline value to ensure that the transaction is in line with the officially recognized value of the property.

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 much has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024, reflecting an overall increase of 10% from 2012 to 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 the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for property in Thailavaram Yerikkarai Thideer (Ward-21)?

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