Guideline Value for Thamodarapuram 1st Street

Thamodarapuram 1st Street guideline value

The current guideline value of Thamodarapuram 1st Street is Rs 6,100 per sq.ft, effective from 1 July 2024. This street is located in Urur village under the Adayar SRO, classified as Residential Class III Type - I.

How the guideline value of Thamodarapuram 1st Street has changed

The guideline value for Thamodarapuram 1st Street has seen significant changes over the years. In 2002, the guideline value was Rs 1,443 per sq.ft, which increased to Rs 1,706 per sq.ft in 2003, marking an 18% rise. The value continued to rise to Rs 2,000 per sq.ft in 2007, representing a 17% increase. After a substantial jump, the value reached Rs 5,500 per sq.ft in 2012, reflecting a 175% increase from 2007. However, it then dropped to Rs 3,685 per sq.ft in 2017, a decrease of 33%.

From 2017 to 2023, the guideline value surged to Rs 5,500 per sq.ft, which is a 49% increase. The most recent revision in 2024 set the value at Rs 6,100 per sq.ft, an 11% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 323%. There are no figures available for other revisions for this street in the register.

Guideline values in Urur

In Urur village, there are 176 streets under the Adayar SRO that have a 2024 guideline value ranging from Rs 4,400 to Rs 15,400 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, placing Thamodarapuram 1st Street's value below this median.

• Thamodarapuram 2nd Street: Rs 6,100 per sq.ft (2024)
• Thamodarapuram 3rd Street: Rs 6,100 per sq.ft (2024)
• Thamodarapuram Main Road: Rs 6,600 per sq.ft (2024)
• Thamodhapuram Lane: Rs 4,400 per sq.ft (2024)
• Thamotharapuram 4th Street: Rs 6,100 per sq.ft (2024)
• Theni Thottam: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thamodarapuram 1st Street

For a property measuring 1,000 sq.ft at the current guideline value of Rs 6,100 per sq.ft, the total guideline value amounts to Rs 61,00,000. The stamp duty at 7% would be Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, making the total cost of duty and fees Rs 5,49,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thamodarapuram 1st Street?

The Sub Registrar Office that covers Thamodarapuram 1st Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Urur. It is used to determine the stamp duty and registration fees that need to be paid when a property is sold or purchased. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is considered to ensure that the transaction reflects the appropriate value for taxation purposes. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thamodarapuram 1st Street?

The current guideline value of Thamodarapuram 1st Street is Rs 6,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,443 per sq.ft in 2002 to Rs 6,100 per sq.ft in 2024, which is an overall increase of 323%.

What is the classification of land in Thamodarapuram 1st Street?

Thamodarapuram 1st Street is classified as Residential Class III Type - I.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Thamodarapuram 1st Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 61,00,000 would incur a stamp duty of Rs 4,27,000 at 7%.