Guideline Value for THANGADURAI STREET

Thangadurai Street guideline value

The current guideline value for Thangadurai Street in Vengathur village is Rs 800 per sq.ft, effective from 1 July 2024. This street falls under the jurisdiction of the Manavalanagar SRO and is classified as Residential Class I Type - II.

How the guideline value of Thangadurai Street has changed

The guideline value for Thangadurai Street has seen several revisions over the years. The earliest recorded value was Rs 125 per sq.ft in 2007, which increased significantly to Rs 800 per sq.ft in 2012. However, this value dropped to Rs 536 per sq.ft in 2017 before rising again to Rs 800 per sq.ft in both 2023 and 2024. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The value remained unchanged from 2023 to 2024, showing a 0% change. Overall, from 2007 to 2024, the guideline value has increased by 540%.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO, with guideline values ranging from Rs 500 to Rs 2,000 per sq.ft. The median value is Rs 1,000 per sq.ft, making Thangadurai Street's 2024 figure below this median.

• Thangavel Reddy Street: Rs 1,300 per sq.ft (2024)
• Theeran Sivalingam Street: Rs 800 per sq.ft (2024)
• Thilakar Street: Rs 800 per sq.ft (2024)
• Sundaram Street: Rs 1,300 per sq.ft (2024)
• Subramania Siva Street: Rs 800 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thangadurai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. 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 further calculations.

Which Sub Registrar Office covers Thangadurai Street?

The Sub Registrar Office that covers Thangadurai Street is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Vengathur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the buying or selling process.

When a property is registered, the guideline value is used to calculate the fees, ensuring that the transaction is recorded accurately in the official register. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Thangadurai Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and finally returned to Rs 800 per sq.ft in 2023 and 2024.

What is the median guideline value in Vengathur?

The median guideline value in Vengathur is Rs 1,000 per sq.ft, with Thangadurai Street's 2024 figure being below this median.

What are the stamp duty rates for properties in Thangadurai Street?

The stamp duty for properties in Thangadurai Street is 7% of the guideline value, while the registration fee is 2% of the guideline value.

Where is the Sub Registrar Office for Thangadurai Street located?

The Sub Registrar Office for Thangadurai Street is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai.