Guideline Value for Thagoor Street

Thagoor Street guideline value

The current guideline value of Thagoor Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the Alandur SRO, and falls under the Residential Class I Type - III land classification.

How the guideline value of Thagoor Street has changed

The guideline value for Thagoor Street has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 330 per sq.ft. This increased to Rs 376 per sq.ft in 2003, marking a 14% rise. The value then jumped significantly to Rs 1,325 per sq.ft in 2007, representing a 252% increase. Following this, in 2012, the guideline value was Rs 3,500 per sq.ft, reflecting a 164% increase from the previous revision. However, it dropped to Rs 2,345 per sq.ft in 2017, a decrease of 33%.

In 2023, the guideline value rose to Rs 3,500 per sq.ft, and then increased again to the current rate of Rs 3,900 per sq.ft in 2024, which is an 11% increase. Overall, from 2002 to 2024, the guideline value has increased by 1082%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value is Rs 3,900 per sq.ft, which is equal to the guideline value for Thagoor Street.

• Thamarai Street: Rs 3,900 per sq.ft (2024)
• Thamirabarani Street: Rs 3,900 per sq.ft (2024)
• Teacher Colony 6th Street: Rs 3,900 per sq.ft (2024)
• Teacher Colony 5th Street: Rs 3,900 per sq.ft (2024)
• Teacher Colony 4th Street: Rs 3,900 per sq.ft (2024)
• Teacher Colony 3rd Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thagoor Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total cost for these fees to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thagoor Street?

The Sub Registrar Office that covers Thagoor 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 Adambakkam

The guideline value is a crucial factor when registering property in Adambakkam. It is used to determine the stamp duty and registration fees payable during the transaction. Buyers and sellers must be aware that the guideline value can influence the overall cost of property registration.

When a property is sold, the transaction must be registered at the local sub registrar office, and the guideline value serves as a benchmark for calculating the necessary fees. This ensures that all transactions are conducted in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thagoor Street?

The current guideline value of Thagoor Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 330 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, showing an overall increase of 1082% over the years.

What is the land classification for Thagoor Street?

Thagoor Street falls under the Residential Class I Type - III land classification.

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

The Alandur Sub Registrar Office covers Thagoor Street and is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Thagoor Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 at the rate of 7%.