Guideline Value for Thakoor Street

Thakoor Street guideline value

The current guideline value of Thakoor Street in Konnur village, under the Konnur SRO, is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class II Type - I.

How the guideline value of Thakoor Street has changed

Over the years, the guideline value of Thakoor Street has seen significant changes. In the 2002 revision, the value was Rs 170 per sq.ft. This increased to Rs 185 per sq.ft in 2003, marking a 9% rise. The value further escalated to Rs 700 per sq.ft in 2007, reflecting a substantial increase of 278%. The 2012 revision saw the value remain at Rs 3,500 per sq.ft, but then it dropped to Rs 2,345 per sq.ft in 2017, showing a decrease of 33%. The value rose again to Rs 3,500 per sq.ft in 2023, and finally reached Rs 3,800 per sq.ft in the 2024 revision, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2,135%. There are no figures available for the years not mentioned in this register for Thakoor Street.

Guideline values in Konnur

Konnur village has a total of 249 streets under the Konnur SRO, with the 2024 guideline values ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median value among these streets is Rs 3,800 per sq.ft, which matches the current guideline value of Thakoor Street.

• Thaiyallu Nagar: Rs 5,500 per sq.ft (2024)
• Thallunkinaru Street: Rs 3,800 per sq.ft (2024)
• Teachers Guild Colony: Rs 5,500 per sq.ft (2024)
• Therku Jaganatha Nagar Eighth Cross Street & Street: Rs 3,800 per sq.ft (2024)
• Therku Jaganatha Nagar Fifth Cross Street & Street: Rs 3,800 per sq.ft (2024)
• Therku Jaganatha Nagar First Cross Street & Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Thakoor Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, making the total cost Rs 3,42,000. Please 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 precise calculations.

Which Sub Registrar Office covers Thakoor Street?

The Sub Registrar Office that covers Thakoor Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your SRO, visit find your SRO.

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

When buying or selling property in Konnur, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is the minimum value set by the government for property transactions, ensuring that the transaction is recorded at a fair value.

At the time of registration, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the property is valued appropriately for legal and taxation purposes.

Frequently asked questions

What is the current guideline value of Thakoor Street?

The current guideline value of Thakoor Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value of Thakoor Street has increased from Rs 170 per sq.ft to Rs 3,800 per sq.ft in 2024, representing an overall increase of 2,135%.

What is the land classification for Thakoor Street?

Thakoor Street is classified as Residential Class II Type - I.

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

The Sub Registrar Office for Thakoor Street is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for properties in Konnur?

Stamp duty for properties in Konnur is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is charged on the guideline value.