Guideline Value for Thamos Nagar Cross Street

Thamos Nagar Cross Street guideline value

The current guideline value of Thamos Nagar Cross Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village under the Alandur SRO, classified as Residential Class II Type - I.

How the guideline value of Thamos Nagar Cross Street has changed

The guideline value for Thamos Nagar Cross Street has seen several revisions over the years. In 2002, the value was Rs 251 per sq.ft, which increased to Rs 281 per sq.ft in 2003. Following this, the value surged significantly to Rs 1,200 per sq.ft in 2007, reflecting a 327% increase. The 2012 revision saw a decrease to Rs 2,500 per sq.ft, marking a 33% drop. However, the value rose again to Rs 1,675 per sq.ft in 2017, representing a 49% increase from the previous revision. The most recent revision in 2023 set the value at Rs 2,500 per sq.ft, which then increased by 12% to the current Rs 2,800 per sq.ft in 2024.

There are no figures available for the revisions in years not mentioned. Overall, from 2002 to 2024, the guideline value has increased by 1016%.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value is Rs 2,800 per sq.ft, which is equal to the current guideline value of Thamos Nagar Cross Street.

• Thamos Nagar Main: Rs 3,900 per sq.ft (2024)
• Thangavel Avenue: Rs 2,800 per sq.ft (2024)
• Thangavel Street Extension: Rs 2,800 per sq.ft (2024)
• Thilagar Street: Rs 2,200 per sq.ft (2024)
• Subramaniya Bharathi Street: Rs 2,200 per sq.ft (2024)
• Thiruvalluvar Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Thamos Nagar Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total cost for these fees to Rs 2,52,000. The duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thamos Nagar Cross Street?

The Sub Registrar Office that covers Thamos Nagar Cross Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Ullagaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in line with government valuations.

When buying or selling property, the guideline value is used to calculate applicable fees such as stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Thamos Nagar Cross Street?

The current guideline value of Thamos Nagar Cross Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 251 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 1016% over this period.

What are the stamp duty and registration fees for property in Thamos Nagar Cross Street?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which Sub Registrar Office is responsible for Thamos Nagar Cross Street?

The Alandur Sub Registrar Office is responsible for Thamos Nagar Cross Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification of Thamos Nagar Cross Street?

Thamos Nagar Cross Street is classified as Residential Class II Type - I, indicating its suitability for residential development.