Guideline Value for THANNER KINARU ST

Thanner Kinaru St guideline value

The current guideline value for Thanner Kinaru St in Thandurai village, under the Avadi SRO, is Rs 988 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Thanner Kinaru St has changed

The guideline value for Thanner Kinaru St has seen several revisions over the years. The earliest recorded figure is from 2012, when it was Rs 900 per sq.ft. This value remained until the 2017 revision, which saw a decrease to Rs 603 per sq.ft. The following revision in 2023 brought the value back up to Rs 900 per sq.ft, and the most recent revision in 2024 set it at Rs 988 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased significantly by 49%. Overall, from 2012 to 2024, the value has increased by 10%. It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for Thanner Kinaru St.

Guideline values in Thandurai

In 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 guideline value for these streets is Rs 988 per sq.ft, which is equal to the current value for Thanner Kinaru St.

• Thendral Avenue: Rs 800 per sq.ft (2024)
• Thendral Nagar: Rs 988 per sq.ft (2024)
• Thandurai Earikarai: Rs 800 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)
• Teachers Colony Kakkanji Nagar: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Thanner Kinaru St

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value amounts to Rs 9,88,000. The stamp duty at 7% would be Rs 69,160, and the registration fee at 2% would be Rs 19,760, bringing the total fees to Rs 88,920. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thanner Kinaru St?

The Sub Registrar Office that covers Thanner Kinaru St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. For more details, you can find your SRO.

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 determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are fairly assessed and that the government maintains accurate records of property values in the region.

Frequently asked questions

What is the current guideline value of Thanner Kinaru St?

The current guideline value of Thanner Kinaru St is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification for Thanner Kinaru St?

Thanner Kinaru St is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Thanner Kinaru St?

The Sub Registrar Office for Thanner Kinaru St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,88,000, the stamp duty would be Rs 69,160 and the registration fee would be Rs 19,760.