Guideline Value for THILAGAR STREET

Thilagar Street guideline value

The current guideline value of Thilagar Street in Thandurai village, under the Avadi SRO, is Rs 988 per sq.ft as per the 2024 revision. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Thilagar Street has changed

The guideline value for Thilagar Street has seen significant changes over the years. In the 2002 revision, the value was Rs 149 per sq.ft. This increased to Rs 171 per sq.ft in 2003, marking a 15% rise. The value continued to grow, reaching Rs 478 per sq.ft in 2007, which was an increase of 180%. The 2012 revision saw the value remain at Rs 900 per sq.ft, indicating no figure for this street in the register. The 2017 revision recorded a value of Rs 603 per sq.ft, reflecting a decrease of 33%. Following this, the 2023 revision set the value at Rs 900 per sq.ft, with no figure for this street in the register. The most recent revision in 2024 established the current guideline value at Rs 988 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 563%. Each revision has contributed to the current valuation, with notable fluctuations particularly between 2012 and 2017.

Guideline values in Thandurai

In Thandurai village, 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 value is Rs 988 per sq.ft, making Thilagar Street's 2024 figure equal to this median.

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

Stamp duty and registration fee for property in Thilagar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value amounts to Rs 9,88,000. The stamp duty at 7% would be Rs 69,160, and the registration fee at 2% would be Rs 19,760, bringing the total fees to Rs 88,920. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thilagar Street?

The Sub Registrar Office that covers Thilagar Street 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 the stamp duty and registration fees, which are mandatory for property transactions. Buyers and sellers must consider this value to ensure compliance with legal requirements.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Thilagar Street?

The current guideline value of Thilagar Street is Rs 988 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 149 per sq.ft in 2002 to Rs 988 per sq.ft in 2024, showing a significant overall increase of 563%.

What is the land classification of Thilagar Street?

Thilagar Street falls under the Residential Class II Type - I land classification.

What are the stamp duty rates for property in Thilagar Street?

The stamp duty rate for property transactions in Thilagar Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Thilagar Street located?

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