Guideline Value for THANCHAM AVENUE

Thancham Avenue guideline value

The current guideline value of Thancham Avenue is Rs 650 per sq.ft. This street is located in Oothivakkam village under the Thiruporur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Thancham Avenue has changed

The guideline value for Thancham Avenue has remained consistent in recent years. The 2023 revision also listed the guideline value at Rs 650 per sq.ft, indicating no change from the previous year. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

From 2023 to 2024, there was a change of +0%, with the guideline value still at Rs 650 per sq.ft. This consistency suggests stability in the valuation of properties along Thancham Avenue.

Guideline values in Oothivakkam

In Oothivakkam, there are 20 streets under the Thiruporur SRO that have a 2024 guideline value ranging from Rs 200 to Rs 1,792 per sq.ft. The median guideline value in this area is Rs 825 per sq.ft, making Thancham Avenue's 2024 figure below that median.

• Thadagam Avenue: Rs 650 per sq.ft (2024)
• Thanikgai Avenue: Rs 650 per sq.ft (2024)
• Sri Varman Nagar: Rs 200 per sq.ft (2024)
• Sri Sivadurgai Garden: Rs 200 per sq.ft (2024)
• Sri Sathya Sai Nagar Ext II: Rs 1,792 per sq.ft (2024)
• Sri Sathya Sai Nagar Ext I: Rs 1,792 per sq.ft (2024)

Stamp duty and registration fee for property in Thancham Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 650 per sq.ft, the total guideline value would be Rs 6,50,000. The stamp duty at 7% would amount to Rs 45,500, and the registration fee at 2% would be Rs 13,000, resulting in a total cost of Rs 58,500. Duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thancham Avenue?

The Sub Registrar Office that covers Thancham Avenue is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Oothivakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is legally recognized and that appropriate taxes are paid.

When registering a property, the guideline value is used to calculate stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, thereby facilitating a smoother process.

Frequently asked questions

What is the current guideline value of Thancham Avenue?

The current guideline value of Thancham Avenue is Rs 650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thancham Avenue has remained at Rs 650 per sq.ft since the 2023 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Oothivakkam?

The median guideline value in Oothivakkam is Rs 825 per sq.ft. Thancham Avenue's guideline value is below this median.

What are the stamp duty and registration fees for properties in Thancham Avenue?

For a property valued at Rs 6,50,000, the stamp duty would be Rs 45,500 and the registration fee would be Rs 13,000, totaling Rs 58,500.

Where can I find the Sub Registrar Office for Thancham Avenue?

The Thiruporur Sub Registrar Office covers Thancham Avenue and is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.