Guideline Value for Thamarai street

Thamarai street guideline value

The current guideline value of Thamarai street in Ayappakkam village is Rs 1,700 per sq.ft, effective from 1 July 2024. This street falls under the Ambattur SRO and is classified as Residential Special Type - II.

How the guideline value of Thamarai street has changed

The guideline value for Thamarai street has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,600 per sq.ft in 2012, marking a rise of 700%. However, it then decreased to Rs 1,072 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 1,600 per sq.ft in 2023, and currently stands at Rs 1,700 per sq.ft from the 2024 revision, reflecting a 6% increase from the previous year. The register does not have figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 750%. The changes between revisions indicate a fluctuating trend, with significant increases and decreases at different intervals, culminating in the current value of Rs 1,700 per sq.ft.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value in the village is Rs 1,300 per sq.ft, placing Thamarai street's 2024 value above this median.

• Thamarai street (Iyappan nagar extn.): Rs 1,700 per sq.ft (2024)
• Thamarai Cross Street (Iyappan nagar extn.): Rs 1,700 per sq.ft (2024)
• Sundar Street (Bhavani nagar): Rs 1,600 per sq.ft (2024)
• Sundaram street: Rs 1,700 per sq.ft (2024)
• Sudakar Street: Rs 1,100 per sq.ft (2024)
• Subramani street (bhavani nagar): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Thamarai street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thamarai street?

The Sub Registrar Office that covers Thamarai street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration of property transactions in Ayappakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When registering a property, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thamarai street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 750% over the years.

What is the land classification for Thamarai street?

Thamarai street is classified as Residential Special Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Thamarai street?

The Sub Registrar Office for Thamarai street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Ayappakkam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. This ensures that the appropriate fees are collected during the registration process.