Guideline Value for THANTHAI PERIYAR STREET

Thanthai Periyar Street guideline value

The current guideline value of Thanthai Periyar Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Cheranancheri village under the Avadi SRO, classified as Mixed Type - II land.

How the guideline value of Thanthai Periyar Street has changed

The guideline value register shows no figures for Thanthai Periyar Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 1,300 per sq.ft.

Since there are no previous figures for this street, there have been no changes between revisions. The current value reflects the latest assessment from the Registration Department's guideline value register.

Guideline values in Cheranancheri

In Cheranancheri, there are 31 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 274 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, placing Thanthai Periyar Street's 2024 figure below that median.

• Suvarna Bhoomi: Rs 2,475 per sq.ft (2024)
• Suriya Narayana Garden Phase I: Rs 2,475 per sq.ft (2024)
• Suriya Narayana Garden: Rs 1,760 per sq.ft (2024)
• Sri Srinivasa Garden Extn Phase-II: Rs 440 per sq.ft (2024)
• Sri Srinivasa Garden: Rs 330 per sq.ft (2024)
• Srinivasa Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thanthai Periyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. 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 more details.

Which Sub Registrar Office covers Thanthai Periyar Street?

Thanthai Periyar Street is covered by 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 Cheranancheri

The guideline value plays a crucial role in the registration process of property transactions in Cheranancheri. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable duties and fees. This ensures that the correct amount is paid to the government during the transaction.

Frequently asked questions

What is the current guideline value of Thanthai Periyar Street?

The current guideline value of Thanthai Periyar Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures recorded for Thanthai Periyar Street in the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision.

What is the land classification for Thanthai Periyar Street?

Thanthai Periyar Street is classified as Mixed Type - II land according to the guideline value register.

What other streets are in Cheranancheri?

There are several other streets in Cheranancheri with varying guideline values. Some notable examples include Suvarna Bhoomi and Suriya Narayana Garden, which have higher values than Thanthai Periyar Street.

Where can I find the Sub Registrar Office for this area?

The Avadi Sub Registrar Office covers Thanthai Periyar Street. It is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.