Guideline Value for Thalamuthu Street

Thalamuthu Street guideline value

The current guideline value of Thalamuthu Street in Ayanavaram village, under the AnnaNagar SRO, is Rs 3,300 per sq.ft. This value is effective from 1 July 2024 and is classified as Residential Class II Type - II.

How the guideline value of Thalamuthu Street has changed

Thalamuthu Street has seen significant changes in its guideline value over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 462 per sq.ft. This increased to Rs 519 per sq.ft in 2003, marking a 12% increase. The value then rose to Rs 1,200 per sq.ft in 2007, reflecting a substantial increase of 131%. In 2012, the guideline value was Rs 3,000 per sq.ft, which was a 150% increase from the previous revision. However, this figure dropped by 33% to Rs 2,010 per sq.ft in 2017.

From 2017 to 2023, the guideline value increased significantly by 49% to Rs 3,000 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 3,300 per sq.ft, representing a 10% increase from the previous year. There are no figures available for revisions in years not listed.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft as of 2024. The median guideline value in the village is Rs 4,900 per sq.ft, positioning Thalamuthu Street's 2024 figure below this median.

• T.B. Hospital: Rs 3,300 per sq.ft (2024)
• Thanthai Periyar Nagar: Rs 3,300 per sq.ft (2024)
• Tagore Nagar main Road: Rs 3,300 per sq.ft (2024)
• Tagore Nagar Ist Street: Rs 3,300 per sq.ft (2024)
• Tagore Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Tagore Nagar 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thalamuthu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for these fees would be Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thalamuthu Street?

The Sub Registrar Office that covers Thalamuthu Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must ensure that the sale price is at least equal to the guideline value to comply with registration regulations.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue from property transactions, based on the established guideline values for different areas.

Frequently asked questions

What is the current guideline value of Thalamuthu Street?

The current guideline value of Thalamuthu Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 462 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 614% across the years.

What is the median guideline value in Ayanavaram?

The median guideline value in Ayanavaram is Rs 4,900 per sq.ft, which is higher than the current guideline value of Thalamuthu Street.

What are the stamp duty and registration fees for Thalamuthu Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would be Rs 2,97,000.

Which office handles the registration for Thalamuthu Street?

The registration for Thalamuthu Street is handled by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.