Guideline Value for Thalayari Street

Thalayari Street guideline value

The current guideline value of Thalayari Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO. The land classification for this area is Mixed Type - II.

How the guideline value of Thalayari Street has changed

The guideline value for Thalayari Street has seen significant changes over the years. In the 2007 revision, the value was Rs 1,560 per sq.ft. This increased to Rs 7,000 per sq.ft in the 2012 revision, marking a substantial rise of 349%. However, in the 2017 revision, the value decreased to Rs 4,690 per sq.ft, a drop of 33%. The value then rose to Rs 7,000 per sq.ft in the 2023 revision, reflecting a 49% increase. As of the 2024 revision, the guideline value is Rs 7,700 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for Thalayari Street. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 394%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, making Thalayari Street's 2024 figure above that median.

• Thambu Naicken Street: Rs 5,500 per sq.ft (2024)
• Thanappa Chetty Street: Rs 6,600 per sq.ft (2024)
• Thandavarayan Street: Rs 6,600 per sq.ft (2024)
• Thangavel Vaidyar Street: Rs 5,500 per sq.ft (2024)
• Thanikachalam Street: Rs 5,500 per sq.ft (2024)
• Thayar Saheb 1st Lane: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thalayari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, totaling Rs 6,93,000. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thalayari Street?

The Sub Registrar Office that covers Thalayari Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property transactions in Triplicane. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property being transacted. It is essential for buyers to be aware of this value to ensure they are paying a fair amount in taxes and fees during the registration process.

Frequently asked questions

What is the current guideline value of Thalayari Street?

The current guideline value of Thalayari Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,560 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, marking an overall increase of 394% over the years.

What is the median guideline value for streets in Triplicane?

The median guideline value for the 415 streets in Triplicane is Rs 6,600 per sq.ft, with Thalayari Street's value being above this median.

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

For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Which office handles property registrations for Thalayari Street?

The Triplicane Sub Registrar Office handles property registrations for Thalayari Street, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.