Guideline Value for Thalaiyari Street

Thalaiyari Street guideline value

The current guideline value of Thalaiyari Street in Panchetty village, under the Redhills SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is classified as Commercial Class I Type - I.

How the guideline value of Thalaiyari Street has changed

Over the years, the guideline value of Thalaiyari Street has seen several revisions. The 2007 revision set the value at Rs 700 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2012 revision. However, it dropped to Rs 670 per sq.ft in 2017, before returning to Rs 1,000 per sq.ft in both the 2023 and 2024 revisions. The register has no figure for the years 2002 and 2003.

From 2017 to 2023, there was a significant increase of 49%. The guideline value remained unchanged from 2023 to 2024, while the overall change from 2007 to 2024 is an increase of 43%.

Guideline values in Panchetty

In Panchetty, there are 46 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,600 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, which is equal to the 2024 figure for Thalaiyari Street.

• Thangal 1st Street: Rs 1,000 per sq.ft (2024)
• Thatchoor Irular Colony 1st Cross Street: Rs 300 per sq.ft (2024)
• Thatchoor Irular Colony 2nd Cross Street: Rs 300 per sq.ft (2024)
• Thatchoor Irular Colony 3rd Cross Street: Rs 300 per sq.ft (2024)
• Thatchoor Irular Colony Eswaran Koil Street: Rs 300 per sq.ft (2024)
• Thatchoor Irular Colony Main Street: Rs 300 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 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, 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 Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value serves as a reference point, ensuring that the transaction is recorded accurately in the official records. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Thalaiyari Street?

The current guideline value of Thalaiyari Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent revision maintaining the value at Rs 1,000 per sq.ft since 2023. The value increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023.

What is the land classification of Thalaiyari Street?

Thalaiyari Street is classified as Commercial Class I Type - I, indicating its designation for commercial use.

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

The Sub Registrar Office for Thalaiyari Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Thalaiyari Street?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 70,000.