Guideline Value for Thamos Nagar Main

Thamos Nagar Main guideline value

The current guideline value of Thamos Nagar Main is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village, under the Alandur SRO, and falls under the Residential Class I Type - III land classification.

How the guideline value of Thamos Nagar Main has changed

The guideline value for Thamos Nagar Main has seen significant changes over the years. The earliest recorded revision in the register is from 2003, where the value was Rs 281 per sq.ft. This figure increased to Rs 1,200 per sq.ft in 2007, marking a substantial rise of 327%. The value then saw a dramatic increase to Rs 3,500 per sq.ft in 2012, which was a 192% increase. However, it dropped to Rs 2,345 per sq.ft in 2017, reflecting a decrease of 33%. The value then increased to Rs 3,500 per sq.ft in 2023, followed by the latest revision to Rs 3,900 per sq.ft in 2024, which is an increase of 11%.

Overall, from the 2003 revision to the current 2024 revision, the guideline value has increased by 1288%. It is important to note that the register has no figure for the year 2002 for this street.

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, with a median value of Rs 2,800 per sq.ft. Thamos Nagar Main's 2024 guideline value of Rs 3,900 per sq.ft is above the median.

• Thamos Nagar Cross Street: Rs 2,800 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 Main

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thamos Nagar Main?

The Sub Registrar Office that covers Thamos Nagar Main 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 details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Ullagaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is in line with prevailing market standards. This helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Thamos Nagar Main?

The current guideline value of Thamos Nagar Main is Rs 3,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 281 per sq.ft to Rs 3,900 per sq.ft in 2024, representing an overall increase of 1288%.

What is the land classification for Thamos Nagar Main?

Thamos Nagar Main falls under the Residential Class I Type - III land classification.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the purpose of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions, ensuring that they align with prevailing market standards.