Guideline Value for Thadikkara Swamy Street

Thadikkara Swamy Street guideline value

The current guideline value of Thadikkara Swamy Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Alandur village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Thadikkara Swamy Street has changed

The guideline value for Thadikkara Swamy Street has undergone several revisions over the years. In 2002, the value was Rs 401 per sq.ft, which increased to Rs 436 per sq.ft in 2003. Following this, the value saw a significant rise to Rs 1,000 per sq.ft in 2007, and then it jumped to Rs 4,500 per sq.ft in 2012. However, it decreased to Rs 3,015 per sq.ft in 2017. The value then increased to Rs 4,500 per sq.ft in 2023 before reaching the current rate of Rs 5,000 per sq.ft in 2024.

The changes between these revisions are notable. From 2002 to 2003, the increase was +9%. The value rose sharply by +129% from 2003 to 2007, followed by an impressive +350% from 2007 to 2012. However, there was a decrease of -33% from 2012 to 2017. The value then increased by +49% from 2017 to 2023, and finally, there was an increase of +11% from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by +1147%.

Guideline values in Alandur

Alandur village has 40 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 3,900 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 5,000 per sq.ft, which is equal to the current value of Thadikkara Swamy Street.

• Subba Colony (Subba Reddy Colony): Rs 5,000 per sq.ft (2024)
• U.V. Samynathan Street: Rs 5,000 per sq.ft (2024)
• Sowri Street: Rs 5,000 per sq.ft (2024)
• Vembuli Subethar Street: Rs 4,400 per sq.ft (2024)
• Vempuli Amman Koil Street: Rs 5,000 per sq.ft (2024)
• Venu reddy Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Thadikkara Swamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total to Rs 4,50,000. 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 Thadikkara Swamy Street?

The Sub Registrar Office that covers Thadikkara Swamy Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Alandur. It is used to determine the stamp duty and registration fees that need to be paid during the registration of property. Buyers should be aware that the guideline value is set by the government and reflects the minimum value at which properties can be registered.

When selling a property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This helps maintain transparency in property transactions and ensures that all parties are aware of the value associated with the property being bought or sold.

Frequently asked questions

What is the current guideline value of Thadikkara Swamy Street?

The current guideline value of Thadikkara Swamy Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 401 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, with various increases and a decrease noted in different years.

What is the land classification for Thadikkara Swamy Street?

The land classification for Thadikkara Swamy Street is Residential Class I Type - II.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000, and the registration fee would be Rs 1,00,000, totaling Rs 4,50,000.

Which office handles registrations for Thadikkara Swamy Street?

The Alandur Sub Registrar Office handles registrations for Thadikkara Swamy Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.