Guideline Value for THANGAM AVENUE

Thangam Avenue guideline value

The current guideline value of Thangam Avenue is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, and it falls under the Residential Special Type - I land classification.

How the guideline value of Thangam Avenue has changed

The guideline value for Thangam Avenue has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 2,010 per sq.ft. This increased to Rs 3,000 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 set the value at Rs 3,300 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, positioning Thangam Avenue's 2024 figure above this median.

• Thai Nagar Main Road: Rs 2,700 per sq.ft (2024)
• Thai Nagar Extension: Rs 2,700 per sq.ft (2024)
• Thai Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Thai Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Thai Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Thai Nagar 1st Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thangam Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thangam Avenue?

The Sub Registrar Office that covers Thangam Avenue is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable duties and fees. It is essential for both parties in a transaction to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thangam Avenue?

The current guideline value of Thangam Avenue is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 64% during this period.

Which office handles registrations for Thangam Avenue?

The Madhavaram Sub Registrar Office handles registrations for Thangam Avenue, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the stamp duty rate in Chennai?

The stamp duty rate in Chennai is 7%, which is applied to the higher of the guideline value or the sale price during property transactions.

Where can I find more information on stamp duty and registration fees?

You can find more information and calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.