Guideline Value for Thamarabarani Street(ICF)

Thamarabarani Street(ICF) guideline value

The current guideline value of Thamarabarani Street(ICF) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in 5. Athipattu village under the Konnur SRO, classified as Residential Class I Type - I.

How the guideline value of Thamarabarani Street(ICF) has changed

The guideline value for Thamarabarani Street(ICF) has seen several revisions over the years. The earliest recorded figure is from 2017, which was Rs 1,474 per sq.ft. This increased to Rs 2,200 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 2,400 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 63%. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in 5. Athipattu

In 5. Athipattu village, there are 119 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Thamarabarani Street(ICF) is above this median.

• Thamarai Street: Rs 2,200 per sq.ft (2024)
• Tamilnadu small scale Industries Owners Assn. Layout: Rs 3,601 per sq.ft (2024)
• Tharangini Appartment: Rs 3,600 per sq.ft (2024)
• The Chennai New City: Rs 1,600 per sq.ft (2024)
• The chennai newcity EXTN: Rs 2,200 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thamarabarani Street(ICF)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, totaling Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thamarabarani Street(ICF)?

The Sub Registrar Office that covers Thamarabarani Street(ICF) is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value plays a crucial role during the registration process of property transactions in 5. Athipattu. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property.

When a buyer or seller approaches the registration office, the guideline value is assessed to ensure compliance with legal requirements. This ensures that the transaction is recorded accurately and that the appropriate fees are collected based on the established rates.

Frequently asked questions

What is the current guideline value of Thamarabarani Street(ICF)?

The current guideline value of Thamarabarani Street(ICF) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,474 per sq.ft to Rs 2,400 per sq.ft in 2024, representing an overall increase of 63%.

What is the stamp duty rate for property in Thamarabarani Street(ICF)?

The stamp duty rate for property transactions in Thamarabarani Street(ICF) is 7% of the guideline value or the sale price, whichever is higher.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the median guideline value in 5. Athipattu?

The median guideline value in 5. Athipattu is Rs 2,200 per sq.ft, with Thamarabarani Street(ICF) having a 2024 guideline value above this median.