Guideline Value for THANTHAI PERIYAR STREET

Thanthai Periyar Street guideline value

The current guideline value for Thanthai Periyar Street in Aathur village, under the Redhills SRO, is Rs 220 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Thanthai Periyar Street has changed

In the 2017 revision, the guideline value was Rs 134 per sq.ft. This increased to Rs 200 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 saw the value further increase to Rs 220 per sq.ft, a change of 10% from the previous year.

The register has no figure for Thanthai Periyar Street for the years 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Aathur

In Aathur, there are 11 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 165 to Rs 1,000 per sq.ft. The median value for these streets is Rs 220 per sq.ft, which is equal to the guideline value of Thanthai Periyar Street.

• VGP Jai Nagar: Rs 220 per sq.ft (2024)
• Saraswathi Nagar: Rs 220 per sq.ft (2024)
• Sakthi Nagar: Rs 165 per sq.ft (2024)
• Rajesh Nagar: Rs 165 per sq.ft (2024)
• Poorani Avenue Annex: Rs 220 per sq.ft (2024)
• Metro Star City: Rs 200 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 rate of Rs 220 per sq.ft, the guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, totaling Rs 19,800. 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 information.

Which Sub Registrar Office covers Thanthai Periyar Street?

The Sub Registrar Office that covers Thanthai Periyar Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Aathur. It determines the minimum value at which a property can be registered, ensuring that the state receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both parties. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the registration process is transparent and equitable.

Frequently asked questions

What is the current guideline value for Thanthai Periyar Street?

The current guideline value for Thanthai Periyar Street is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 134 per sq.ft to Rs 220 per sq.ft in 2024, reflecting a total increase of 64% over that period.

What are the other streets in Aathur with similar guideline values?

Other streets in Aathur with a guideline value of Rs 220 per sq.ft include VGP Jai Nagar, Saraswathi Nagar, and Poorani Avenue Annex, while Sakthi Nagar and Rajesh Nagar have a lower value of Rs 165 per sq.ft.

What fees are associated with buying property in Thanthai Periyar Street?

When buying property, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, these fees would total Rs 19,800.

Where can I find the Sub Registrar Office for Thanthai Periyar Street?

The Sub Registrar Office for Thanthai Periyar Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.