Guideline Value

Corporate

Guideline Value for Thai Nagar 3rd Street

₹2700/sq.ft.

The guideline value for Thai Nagar 3rd Street in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodungaiyur

Village

Madhavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thai Nagar 3rd Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Thai Nagar 3rd Street guideline value

The current guideline value of Thai Nagar 3rd Street is Rs 2,700 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of Thai Nagar 3rd Street has changed

According to the guideline value register, the earliest revision for Thai Nagar 3rd Street is from 2012, which recorded a value of Rs 2,500 per sq.ft. The most recent revision in 2024 shows an increase to Rs 2,700 per sq.ft, marking an 8% rise from the 2012 figure. It is important to note that the register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

In summary, the guideline value has increased from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024. This change reflects the adjustments made in the guideline value over the years, with the 2024 figure aligning with the median value for similar streets in Kodungaiyur.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, which is equal to the current guideline value of Thai Nagar 3rd Street.

Stamp duty and registration fee for property in Thai Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty, charged at 7%, would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total cost for stamp duty and registration fee would be Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thai Nagar 3rd Street?

The Sub Registrar Office that covers Thai Nagar 3rd Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Kodungaiyur. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the financial obligations during the registration of property. Understanding this value helps in making informed decisions regarding property transactions.

Frequently asked questions

What is the current guideline value of Thai Nagar 3rd Street?

The current guideline value of Thai Nagar 3rd Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, marking an 8% rise. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification of Thai Nagar 3rd Street?

Thai Nagar 3rd Street is classified as Residential Class I Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000. These charges are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Thai Nagar 3rd Street?

The Madhavaram Sub Registrar Office handles registrations for Thai Nagar 3rd Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.