Guideline Value for THAMARAI ST

Thamarai St guideline value

The current guideline value of Thamarai St in Vilingiyambakkam village, under the Avadi SRO, is Rs 935 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Thamarai St has changed

The guideline value for Thamarai St has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 850 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 569 per sq.ft. In 2023, the value increased significantly to Rs 850 per sq.ft, and the latest revision in 2024 sees it rise to Rs 935 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 935 per sq.ft, which is equal to the current guideline value of Thamarai St.

• Thazhampoo St: Rs 935 per sq.ft (2024)
• Tamilannai St: Rs 800 per sq.ft (2024)
• Tagoore St: Rs 1,310 per sq.ft (2024)
• Thilagar St & Extn: Rs 935 per sq.ft (2024)
• Surigandhi St: Rs 935 per sq.ft (2024)
• Sundar St: Rs 1,310 per sq.ft (2024)

Stamp duty and registration fee for property in Thamarai St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value amounts to Rs 9,35,000. The stamp duty, charged at 7%, would be Rs 65,450, while the registration fee at 2% would be Rs 18,700. Together, the total cost for these fees would be Rs 84,150. It is important to 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 information.

Which Sub Registrar Office covers Thamarai St?

The Thamarai St is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the public records.

When buying or selling property, the guideline value will influence the stamp duty and registration fees that need to be paid. This ensures that all transactions are conducted fairly and transparently, reflecting the true value of the property as determined by the local authorities.

Frequently asked questions

What is the current guideline value of Thamarai St?

The current guideline value of Thamarai St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then increased to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification for Thamarai St?

Thamarai St falls under the Residential Class II Type - II land classification.

What are the stamp duty and registration fees for properties on Thamarai St?

For a property valued at Rs 9,35,000, the stamp duty would be Rs 65,450 and the registration fee would be Rs 18,700, totaling Rs 84,150.

Which office handles property registrations for Thamarai St?

The Avadi Sub Registrar Office handles property registrations for Thamarai St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.