Guideline Value for THILAGAR STREET 97/4C,4I,4J,5,6,7,8,9,10

Thilagar Street 97/4c,4i,4j,5,6,7,8,9,10 guideline value

The current guideline value for Thilagar Street 97/4c,4i,4j,5,6,7,8,9,10 is Rs 878 per sq.ft, effective from 1 July 2024. This street is located in Chembarambakkam village, under the Poonamallee SRO, and falls under the Residential Class I Type - V land classification.

How the guideline value of Thilagar Street 97/4c,4i,4j,5,6,7,8,9,10 has changed

The guideline value for Thilagar Street has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. However, in the 2023 revision, the guideline value was set at Rs 800 per sq.ft, which increased by 10% to Rs 878 per sq.ft in the 2024 revision.

This increase reflects a significant change in the guideline value, moving from Rs 800 per sq.ft in 2023 to Rs 878 per sq.ft in 2024. The current figure is the only one available for the street since the previous revisions do not provide any data.

Guideline values in Chembarambakkam

In Chembarambakkam, there are 64 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median of Rs 1,100 per sq.ft. The guideline value for Thilagar Street is below this median, indicating a more affordable rate compared to other streets in the area.

• Thilakar Street: Rs 878 per sq.ft (2024)
• Sri Sai Nagar: Rs 1,100 per sq.ft (2024)
• Srinivasa Palms @ Sembarambakkam: Rs 3,500 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 1,100 per sq.ft (2024)
• Sri Krishna Nagar: Rs 1,540 per sq.ft (2024)
• Sri Golden City J J Nagar: Rs 878 per sq.ft (2024)

Stamp duty and registration fee for property in Thilagar Street 97/4c,4i,4j,5,6,7,8,9,10

For a 1,000 sq.ft plot at the current guideline value of Rs 878 per sq.ft, the total guideline value would be Rs 8,78,000. The stamp duty at 7% would amount to Rs 61,460, and the registration fee at 2% would be Rs 17,560, bringing the total fees to Rs 79,020. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thilagar Street 97/4c,4i,4j,5,6,7,8,9,10?

The Sub Registrar Office that covers Thilagar Street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find more information by visiting find your SRO.

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

The guideline value plays a crucial role during property registration in Chembarambakkam. It is used to determine the stamp duty and registration fees applicable to the property transaction. Buyers and sellers must consider the guideline value when negotiating prices, as it can influence the overall costs involved in the transaction.

When registering a property, the guideline value or the sale price, whichever is higher, is taken into account for calculating the stamp duty. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value for Thilagar Street?

The current guideline value for Thilagar Street 97/4c,4i,4j,5,6,7,8,9,10 is Rs 878 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thilagar Street was Rs 800 per sq.ft in 2023 and increased by 10% to Rs 878 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Thilagar Street?

Thilagar Street falls under the Residential Class I Type - V land classification. This classification is important for determining the usage and regulations applicable to the property.

What are the stamp duty and registration fees for properties on Thilagar Street?

For a 1,000 sq.ft property, the total guideline value is Rs 8,78,000. The stamp duty at 7% would be Rs 61,460, and the registration fee at 2% would be Rs 17,560, totaling Rs 79,020.

Where can I find the Sub Registrar Office for Thilagar Street?

The Poonamallee Sub Registrar Office covers Thilagar Street and is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. This office handles all registration processes for properties in the area.