Guideline Value for Thalaiyari Street

Thalaiyari Street guideline value

The current guideline value of Thalaiyari Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Thalaiyari Street has changed

The guideline value for Thalaiyari Street has seen several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 700 per sq.ft. The 2017 revision marked a decrease to Rs 469 per sq.ft, which was a 33% drop from the 2012 figure. From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 700 per sq.ft.

As of the 2024 revision, the guideline value remains at Rs 700 per sq.ft, showing no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft. The median value is Rs 800 per sq.ft, indicating that Thalaiyari Street's 2024 figure is below this median.

• Thandavaraya chetty Street: Rs 1,500 per sq.ft (2024)
• Thandukkara Street: Rs 1,500 per sq.ft (2024)
• S.V.Nagar: Rs 900 per sq.ft (2024)
• Sunnambukkara Street: Rs 1,000 per sq.ft (2024)
• Sundharavaradhaja Perumal Sannadhi Street: Rs 1,500 per sq.ft (2024)
• Thirumalaiyapillai Santhu: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thalaiyari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thalaiyari Street?

The Sub Registrar Office that covers Thalaiyari Street is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Uthiramerur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to be aware of this value to understand the financial implications of the transaction, including the costs associated with registration and duty.

Frequently asked questions

What is the current guideline value of Thalaiyari Street?

The current guideline value of Thalaiyari Street is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft since 2012, with a drop to Rs 469 per sq.ft in 2017, followed by an increase back to Rs 700 per sq.ft in 2023 and 2024.

What is the land classification for Thalaiyari Street?

Thalaiyari Street is classified as Residential Class III Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for properties in Thalaiyari Street?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which office handles property registrations for Thalaiyari Street?

The Uthiramerur Sub Registrar Office handles property registrations for Thalaiyari Street, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.