Guideline Value for THANDURAI EARIKARAI

Thandurai Earikarai guideline value

The current guideline value of Thandurai Earikarai, located in Thandurai village under the Avadi SRO, is Rs 800 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - II.

How the guideline value of Thandurai Earikarai has changed

The guideline value for Thandurai Earikarai has seen several revisions over the years. In the 2012 revision, the value was set at Rs 800 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 536 per sq.ft, marking a decline of 33%. However, the value rebounded in the 2023 revision, returning to Rs 800 per sq.ft, and has remained the same in the 2024 revision, showing no change from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 800 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Thandurai

Within Thandurai village, there are 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, indicating that the guideline value for Thandurai Earikarai is below this median.

• Thanner Kinaru St: Rs 988 per sq.ft (2024)
• Teachers Colony Kakkanji Nagar: Rs 988 per sq.ft (2024)
• Thendral Avenue: Rs 800 per sq.ft (2024)
• Thendral Nagar: Rs 988 per sq.ft (2024)
• The P.T.M.S.Street(Ambedkar Nagar): Rs 988 per sq.ft (2024)
• Thilagar Street: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Thandurai Earikarai

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total cost for these fees to Rs 72,000. 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 Thandurai Earikarai?

The Sub Registrar Office that covers Thandurai Earikarai is 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thandurai. 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, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller adhere to the legal requirements set forth by the Registration Department. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Thandurai Earikarai?

The current guideline value of Thandurai Earikarai is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent revisions being Rs 800 per sq.ft in 2012, 2017, and 2023, and again in 2024. The value decreased to Rs 536 per sq.ft in 2017 but returned to Rs 800 per sq.ft in 2023.

What is the median guideline value for streets in Thandurai?

The median guideline value for streets in Thandurai is Rs 988 per sq.ft, while Thandurai Earikarai's value is below this median.

What are the stamp duty and registration fees for property in Thandurai Earikarai?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Thandurai?

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