Guideline Value for THENDRAL AVENUE

Thendral Avenue guideline value

The current guideline value of Thendral Avenue in Thandurai village, under the Avadi SRO, is Rs 800 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area is classified as Residential Class II Type - II.

How the guideline value of Thendral Avenue has changed

Thendral Avenue has seen several revisions in its guideline value over the years. The earliest recorded value was Rs 386 per sq.ft in 2007, which increased to Rs 800 per sq.ft in 2012, marking a significant increase of 107%. However, this value dropped to Rs 536 per sq.ft in 2017, reflecting a decrease of 33%. The guideline value then remained unchanged at Rs 800 per sq.ft in both 2023 and the latest 2024 revision, indicating a 49% increase from the 2017 figure.

Notably, there are no recorded figures for the years 2002 and 2003 for Thendral Avenue. Overall, from 2007 to 2024, the guideline value has increased by 107%, reaching the current rate of Rs 800 per sq.ft.

Guideline values in Thandurai

In Thandurai, 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 means Thendral Avenue's current value is below this median.

• Thendral Nagar: Rs 988 per sq.ft (2024)
• The P.T.M.S.Street(Ambedkar Nagar): Rs 988 per sq.ft (2024)
• Thanner Kinaru St: Rs 988 per sq.ft (2024)
• Thilagar Street: Rs 988 per sq.ft (2024)
• Thandurai Earikarai: Rs 800 per sq.ft (2024)
• Thillaiyadi Valliyammai Street, Kakkanji Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Thendral Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty is calculated at 7%, resulting in Rs 56,000, while the registration fee at 2% is Rs 16,000. Together, the total cost for stamp duty and registration fee would be Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thendral Avenue?

The Sub Registrar Office covering Thendral Avenue is 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 Thandurai

The guideline value is a crucial factor during the registration of property transactions in Thandurai. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps establish a fair price for the transaction. It is essential for both buyers and sellers 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 Thendral Avenue?

The current guideline value of Thendral Avenue is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 386 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and remained at Rs 800 per sq.ft in 2023 and 2024.

What is the land classification for Thendral Avenue?

Thendral Avenue is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for Thendral Avenue?

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

How is stamp duty calculated for properties in Thendral Avenue?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000.