Guideline Value for THUKKARAM 3RD STREET

Thukkaram 3rd Street guideline value

The current guideline value of Thukkaram 3rd Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village and falls under the Thiyagaraya nagar SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Thukkaram 3rd Street has changed

The guideline value of Thukkaram 3rd Street has undergone several revisions over the years. In 2007, the value was Rs 3,000 per sq.ft, which increased to Rs 7,000 per sq.ft in 2012. However, it dropped to Rs 4,690 per sq.ft in 2017. The 2023 revision saw a significant increase to Rs 7,000 per sq.ft, followed by a further rise to Rs 7,700 per sq.ft in the 2024 revision. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The value rose by 10% from 2023 to 2024. Notably, the increase from 2007 to 2024 amounts to 157%, reflecting the overall changes in guideline values over the years.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 27,500 per sq.ft, with a median value of Rs 11,000 per sq.ft. The guideline value of Thukkaram 3rd Street is below this median.

• Thukkaram 2nd Street: Rs 7,700 per sq.ft (2024)
• Thukkaram 1st Street: Rs 7,700 per sq.ft (2024)
• Thriumalai Pillai Lane: Rs 8,800 per sq.ft (2024)
• Thriumalai Pillai 2nd Street: Rs 13,200 per sq.ft (2024)
• Thiyagaraya Road / Pondy Bazaar: Rs 27,500 per sq.ft (2024)
• Unnamalai Ammal Street: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thukkaram 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total fees to Rs 6,93,000. 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 Thukkaram 3rd Street?

The Sub Registrar Office that covers Thukkaram 3rd Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more information.

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

When buying or selling property in Tnagar, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall costs involved in a property transaction. Understanding these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Thukkaram 3rd Street?

The current guideline value of Thukkaram 3rd Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 157% over the years.

What is the land classification for Thukkaram 3rd Street?

The land classification for Thukkaram 3rd Street is Residential Class II Type - II.

Where can I find the Sub Registrar Office for Thukkaram 3rd Street?

The Sub Registrar Office for Thukkaram 3rd Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees amount to Rs 6,93,000.