Guideline Value for THANDAVAN ACHARY STREET

Thandavan Achary Street guideline value

The current guideline value of Thandavan Achary Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village and falls under the Purasaivakkam SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Thandavan Achary Street has changed

The guideline value for Thandavan Achary Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,800 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in the 2012 revision. However, this figure dropped to Rs 4,355 per sq.ft in the 2017 revision before rising again to Rs 6,500 per sq.ft in 2023. The most recent 2024 revision has established the current guideline value at Rs 7,100 per sq.ft, marking a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 294%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Purasaivakkam

In Purasaivakkam village, there are 519 streets under the Purasaivakkam SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median value for these streets is Rs 5,500 per sq.ft, placing Thandavan Achary Street's 2024 figure above that median.

• Thandavarayan Street: Rs 7,100 per sq.ft (2024)
• Thana Street(A) Kanthappa Mudali High Road: Rs 9,900 per sq.ft (2024)
• Thambuswamy Street & Road: Rs 13,200 per sq.ft (2024)
• Thakar Street: Rs 6,500 per sq.ft (2024)
• Temple Road / Lane: Rs 6,000 per sq.ft (2024)
• Sylvan Lodge Colony 4th Street: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thandavan Achary Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total fees to Rs 6,39,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thandavan Achary Street?

The Sub Registrar Office that covers Thandavan Achary Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Purasaivakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted at fair and transparent rates.

When you register a property, the guideline value will be used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are documented accurately and in accordance with the prevailing regulations.

Frequently asked questions

What is the current guideline value of Thandavan Achary Street?

The current guideline value of Thandavan Achary Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 294% over the years.

What is the median guideline value in Purasaivakkam?

The median guideline value in Purasaivakkam is Rs 5,500 per sq.ft, with Thandavan Achary Street's current value being above this median.

What are the stamp duty and registration fees for properties in Thandavan Achary Street?

For a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000 and the registration fee would be Rs 1,42,000, totaling Rs 6,39,000.

Which office handles property registrations for Thandavan Achary Street?

The Purasaivakkam Sub Registrar Office handles property registrations for Thandavan Achary Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.