Guideline Value

Corporate

Guideline Value for Thamodhapuram Lane

₹4400/sq.ft.

The guideline value for Thamodhapuram Lane in Urur village (Adayar SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Urur

Village

Adayar

SRO

Residential Class IV Type - III
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

51, Kamaraj Avenue,second Street, Adyar, Chennai-20
044-24415011
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thamodhapuram Lane

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Thamodhapuram Lane guideline value

The current guideline value of Thamodhapuram Lane is Rs 4,400 per sq.ft, effective from 1 July 2024. This lane is located in Urur village under the Adayar SRO, classified as Residential Class IV Type - III.

How the guideline value of Thamodhapuram Lane has changed

The guideline value for Thamodhapuram Lane has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 1,500 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 167%. However, it then decreased to Rs 2,680 per sq.ft in 2017, a decline of 33%. Following this, the value rose sharply to Rs 4,000 per sq.ft in 2023, which was a 49% increase. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 193%.

Guideline values in Urur

In Urur village, there are 176 streets under the Adayar SRO carrying a 2024 guideline value ranging from Rs 4,400 to Rs 15,400 per sq.ft, with a median value of Rs 6,600 per sq.ft. Thamodhapuram Lane's 2024 figure is below this median.

Stamp duty and registration fee for property in Thamodhapuram Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty, charged at 7%, would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, these fees would total Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thamodhapuram Lane?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Urur. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately for taxation purposes.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thamodhapuram Lane?

The current guideline value of Thamodhapuram Lane is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 193% over the years.

What are the other streets in Urur and their guideline values?

Other streets in Urur include Thamodarapuram Main Road at Rs 6,600 per sq.ft, Thamodarapuram 3rd Street at Rs 6,100 per sq.ft, and several others, with values ranging from Rs 4,400 to Rs 6,600 per sq.ft in 2024.

What fees are involved when registering property in Thamodhapuram Lane?

When registering property in Thamodhapuram Lane, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, a property valued at Rs 44,00,000 would incur a total of Rs 3,96,000 in fees.

Where is the Sub Registrar Office for Thamodhapuram Lane?

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