Guideline Value for THIYAGARAJAR STREET

Thiyagarajar Street guideline value

The current guideline value of Thiyagarajar Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Thirukkachur - 1 village under the Chengleput Joint II SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of Thiyagarajar Street has changed

The guideline value for Thiyagarajar Street has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in the 2017 revision. However, the 2023 revision increased it to Rs 500 per sq.ft, followed by another increase to Rs 550 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

From the 2012 revision to the 2024 revision, the overall change is an increase of 10%. Specifically, the value rose by 49% from 2017 to 2023. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 3,300 per sq.ft. The median value is Rs 660 per sq.ft, placing Thiyagarajar Street's 2024 figure below this median.

• Thiyagarajapuram Nagar: Rs 660 per sq.ft (2024)
• Thriuvallurvar Street: Rs 550 per sq.ft (2024)
• Tnhb Thirukatchur: Rs 2,200 per sq.ft (2024)
• Transport Avenue: Rs 550 per sq.ft (2024)
• Thirukatchur South: Rs 550 per sq.ft (2024)
• Thirukatchur Periyar Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Thiyagarajar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, while the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. It is important to note that 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 information.

Which Sub Registrar Office covers Thiyagarajar Street?

The Sub Registrar Office that covers Thiyagarajar Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for additional details.

How the guideline value is used when you buy or sell in Thirukkachur - 1

The guideline value plays a crucial role in property transactions in Thirukkachur - 1. It is used to determine the stamp duty and registration fees payable during the registration of property transactions. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is bought or sold, the guideline value is referenced to calculate the necessary fees. It 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 Thiyagarajar Street?

The current guideline value of Thiyagarajar Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Thiyagarajar Street?

Thiyagarajar Street is classified as Residential Class I Type - II under the land classification regulations.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Thiyagarajar Street?

Stamp duty for properties in Thiyagarajar Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 550 per sq.ft incurs a total guideline value of Rs 5,50,000, with stamp duty and registration fees calculated accordingly.