Guideline Value for THILAKAR STREET

Thilakar Street guideline value

The current guideline value of Thilakar Street in Chembarambakkam village is Rs 878 per sq.ft, effective from 1 July 2024. This street falls under the Poonamallee SRO and is classified as Residential Class I Type - V.

How the guideline value of Thilakar Street has changed

The guideline value for Thilakar Street has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 878 per sq.ft, an increase of 10% from the 2023 figure of Rs 800 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value rose from Rs 800 per sq.ft in 2023 to Rs 878 per sq.ft in 2024. The changes reflect the latest assessment by the Registration Department's guideline value register.

Guideline values in Chembarambakkam

In Chembarambakkam, there are 64 streets under the Poonamallee SRO with a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft. The median value is Rs 1,100 per sq.ft, indicating that Thilakar Street's 2024 figure is below this median.

• Thilagar Street 97/4c,4i,4j,5,6,7,8,9,10: 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 Thilakar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 878 per sq.ft, the total guideline value amounts to 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, bringing the total fees to Rs 79,020. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thilakar Street?

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

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

The guideline value is a critical factor when registering property transactions in Chembarambakkam. It determines the stamp duty and registration fees that must be paid, ensuring that all transactions are conducted fairly and transparently.

When buying or selling property, the guideline value serves as a benchmark for the minimum price at which a property can be registered. This helps in maintaining a standard across the region, making it easier for buyers and sellers to navigate the real estate market.

Frequently asked questions

What is the current guideline value of Thilakar Street?

The current guideline value of Thilakar Street is Rs 878 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thilakar Street was Rs 800 per sq.ft in 2023 and increased to Rs 878 per sq.ft in 2024, marking a 10% rise.

What is the land classification of Thilakar Street?

Thilakar Street is classified as Residential Class I Type - V under the Poonamallee SRO.

What are the stamp duty rates applicable?

The stamp duty rate for property transactions in Thilakar Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Thilakar Street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.