Guideline Value for Thai Sundaram Nagar

Thai Sundaram Nagar guideline value

The current guideline value of Thai Sundaram Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This locality is situated in Kunrathour-B village, under the jurisdiction of the Kunrathur SRO, with a land classification of Residential Special Type - I.

How the guideline value of Thai Sundaram Nagar has changed

The guideline value for Thai Sundaram Nagar has undergone several revisions over the years. The earliest recorded value was Rs 938 per sq.ft in 2017. This figure increased significantly to Rs 1,400 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw the value increase to Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Kunrathour-B

In Kunrathour-B, there are a total of 325 streets that have a guideline value for 2024, ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, which is the same as the current value for Thai Sundaram Nagar.

• Thalaivar N. Sammandham Street: Rs 1,540 per sq.ft (2024)
• Thalaivar T.K. Kumarasamy Street: Rs 1,540 per sq.ft (2024)
• Temple Waves: Rs 1,760 per sq.ft (2024)
• Thanthai Periyar 1, II, III Street: Rs 1,540 per sq.ft (2024)
• Thanthai Periyar Street: Rs 1,540 per sq.ft (2024)
• Surya Nagar Extension: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Thai Sundaram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thai Sundaram Nagar?

The Sub Registrar Office that covers Thai Sundaram Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor in the registration process when buying or selling property in Kunrathour-B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the registration office will assess the guideline value, which is used to calculate the applicable duties and fees. This ensures that all transactions are in compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Thai Sundaram Nagar?

The current guideline value of Thai Sundaram Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 938 per sq.ft to Rs 1,540 per sq.ft, which is an overall increase of 64%.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is charged at 2% of the guideline value or sale price.

Which office handles registrations for Thai Sundaram Nagar?

The Kunrathur Sub Registrar Office is responsible for handling registrations for properties in Thai Sundaram Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Thai Sundaram Nagar?

Thai Sundaram Nagar is classified as Residential Special Type - I, which indicates its designation for residential use.