Guideline Value for THOTTAKARAN STREET

Thottakaran Street guideline value

The current guideline value of Thottakaran Street is Rs 800 per sq.ft. It is located in Thandurai village, under the Avadi SRO, and is classified as Residential Class II Type - II.

How the guideline value of Thottakaran Street has changed

The guideline value for Thottakaran Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 800 per sq.ft, which remained unchanged in the 2023 revision. The 2024 revision also maintains this figure at Rs 800 per sq.ft, indicating no change from the previous year. In contrast, the 2017 revision recorded a value of Rs 536 per sq.ft, reflecting a significant increase of 49% by the 2023 revision.

It is important to note that the register has no figure for Thottakaran Street for the years 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, there has been no change in the guideline value, remaining at Rs 800 per sq.ft.

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 guideline value for these streets is Rs 988 per sq.ft, placing Thottakaran Street's 2024 figure below this median.

• Thiruvika Street, Kakkanji Nagar: Rs 988 per sq.ft (2024)
• Thiruvika Street: Rs 988 per sq.ft (2024)
• Thzhu Noyali Kudiyuruppu: Rs 800 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,300 per sq.ft (2024)
• Thiruvalluvar St, (M.T.H.Road Southern Side): Rs 1,300 per sq.ft (2024)
• Thiruvalluvar St, Kamarajapuram: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Thottakaran Street

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 at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thottakaran Street?

The Sub Registrar Office that covers Thottakaran 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 details.

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

The guideline value is an essential factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Thandurai, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the transfer of ownership.

It is crucial for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. The registration process will rely on this value to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Thottakaran Street?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft from 2012 to 2024, with a significant increase from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023.

What is the land classification of Thottakaran Street?

Thottakaran Street is classified as Residential Class II Type - II.

Which Sub Registrar Office covers Thottakaran Street?

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

How is the stamp duty calculated for properties in Thandurai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total of Rs 72,000 in fees.