Guideline Value for THATCHAB AVENUE (CHEN)

Thatchab Avenue (Chen) guideline value

The current guideline value of Thatchab Avenue (Chen) is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Sengundram - 1 village under the Chengleput Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of Thatchab Avenue (Chen) has changed

The guideline value for Thatchab Avenue (Chen) has seen several revisions over the years. In 2012, the guideline value was Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 700 per sq.ft, and then further rose to Rs 770 per sq.ft in 2024, reflecting a 10% increase.

In total, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft. The median guideline value in this area is Rs 880 per sq.ft, making the current value of Thatchab Avenue (Chen) below that median.

• Thilakar Street (Chen): Rs 660 per sq.ft (2024)
• Thilakar V O C Nagar (Chen): Rs 660 per sq.ft (2024)
• Tank Street (Chen): Rs 660 per sq.ft (2024)
• Swamidass Nagar (Chen): Rs 770 per sq.ft (2024)
• Thirumalai Nagar (Chen): Rs 880 per sq.ft (2024)
• Surithi Garden: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thatchab Avenue (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost for these fees to Rs 69,300. 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 details.

Which Sub Registrar Office covers Thatchab Avenue (Chen)?

The Chengleput Joint II Sub Registrar Office covers Thatchab Avenue (Chen). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value is a crucial factor when registering property transactions in Sengundram - 1. It serves as a benchmark for determining the minimum value at which properties can be sold or bought, ensuring that the government receives the appropriate stamp duty and registration fees during the transaction process.

When a buyer or seller approaches the registration office, the guideline value helps in assessing the property’s value for taxation purposes. Therefore, it is essential for both parties 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 Thatchab Avenue (Chen)?

The current guideline value of Thatchab Avenue (Chen) is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification for Thatchab Avenue (Chen)?

Thatchab Avenue (Chen) is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Thatchab Avenue (Chen)?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is stamp duty calculated for properties in Thatchab Avenue (Chen)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 53,900 based on the current guideline value.