Guideline Value for THALAIYARI PALAYAM

Thalaiyari Palayam guideline value

The current guideline value of Thalaiyari Palayam is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Nanthiambakkam village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Thalaiyari Palayam has changed

The guideline value for Thalaiyari Palayam has undergone several revisions over the years. The earliest recorded figure is from 2003, which was Rs 30 per sq.ft. This increased to Rs 50 per sq.ft in 2007, followed by a significant jump to Rs 300 per sq.ft in 2012. However, it then decreased to Rs 201 per sq.ft in 2017. The 2023 revision saw an increase to Rs 300 per sq.ft, and the latest revision in 2024 set the value at Rs 330 per sq.ft.

From 2017 to 2023, the value increased by 49%, while from 2012 to 2017, it saw a decrease of 33%. The jump from 2007 to 2012 was notable at 500%, and from 2003 to 2007, it increased by 67%. Overall, from 2003 to 2024, the guideline value has risen by 1000%. The register has no figure for this street in 2002.

Guideline values in Nanthiambakkam

In Nanthiambakkam, there are 85 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 770 per sq.ft, with the median value being Rs 330 per sq.ft. Thalaiyari Palayam's 2024 figure is equal to this median.

• Surya Nagar/ Avanue: Rs 330 per sq.ft (2024)
• Sundariyammal Avenue: Rs 330 per sq.ft (2024)
• Subramani Avenue: Rs 330 per sq.ft (2024)
• Sri Venkatapuram: Rs 330 per sq.ft (2024)
• Thiruveethiamman Koil Street: Rs 330 per sq.ft (2024)
• Sri Saravana Avenue: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Thalaiyari Palayam

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thalaiyari Palayam?

The Sub Registrar Office that covers Thalaiyari Palayam is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nanthiambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold or purchased, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thalaiyari Palayam?

The current guideline value of Thalaiyari Palayam is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 30 per sq.ft in 2003 to Rs 330 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Thalaiyari Palayam?

Thalaiyari Palayam is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for Thalaiyari Palayam?

The Thiruvottiyur Sub Registrar Office, which covers Thalaiyari Palayam, is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,30,000, the stamp duty would be calculated at 7% of this amount.