Guideline Value for THAZHAMBUR MAIN ROAD

Thazhambur Main Road guideline value

The current guideline value of Thazhambur Main Road is Rs 2,100 per sq.ft, effective from 1 July 2024. This street is located in Arasankalani village, under the Selaiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Thazhambur Main Road has changed

The guideline value for Thazhambur Main Road has undergone several revisions over the years. In 2012, the guideline value was Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in 2017. This represents a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 2,000 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 2,100 per sq.ft, reflecting a 5% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 5%.

Guideline values in Arasankalani

In Arasankalani, there are 85 streets under the Selaiyur SRO, with the 2024 guideline values ranging from Rs 1,300 to Rs 4,750 per sq.ft. The median value is Rs 2,100 per sq.ft, which is also the guideline value for Thazhambur Main Road.

• Thillaiyadi Valliammai Street: Rs 1,300 per sq.ft (2024)
• Sundar Nagar: Rs 1,900 per sq.ft (2024)
• Thirupur Kumaran Street: Rs 1,300 per sq.ft (2024)
• Subbulakshmi Street: Rs 1,300 per sq.ft (2024)
• Vaibhavs Thullia: Rs 2,190 per sq.ft (2024)
• Sri Perumal Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Thazhambur Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value amounts to Rs 21,00,000. The stamp duty is charged at 7%, which comes to Rs 1,47,000, while the registration fee is charged at 2%, totaling Rs 42,000. Together, the total cost for stamp duty and registration fee amounts to Rs 1,89,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thazhambur Main Road?

The Sub Registrar Office that covers Thazhambur Main Road is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Arasankalani. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

During registration, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable stamp duty. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Thazhambur Main Road?

The current guideline value of Thazhambur Main Road is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,100 per sq.ft in 2024.

What are the other streets in Arasankalani with their guideline values?

Other streets in Arasankalani include Thillaiyadi Valliammai Street at Rs 1,300 per sq.ft, Sundar Nagar at Rs 1,900 per sq.ft, and Vaibhavs Thullia at Rs 2,190 per sq.ft, among others.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where can I find the Sub Registrar Office for Thazhambur Main Road?

The Sub Registrar Office for Thazhambur Main Road is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.