Guideline Value for Thandair Nagar 2nd Street

Thandair Nagar 2nd Street guideline value

The current guideline value of Thandair Nagar 2nd Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Thandair Nagar 2nd Street has changed

The guideline value for Thandair Nagar 2nd Street has seen several revisions over the years. In the 2007 revision, the value was Rs 622 per sq.ft, which increased to Rs 804 per sq.ft in 2017, marking a change of +29%. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, representing a significant increase of +62% from the 2017 figure. Overall, from 2007 to 2024, the guideline value has risen by +109%.

It is important to note that there are no figures available for the years 2023, 2012, 2003, and 2002 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, which means that the guideline value for Thandair Nagar 2nd Street is below the median.

• Thandair Nagar 1st Street: Rs 1,300 per sq.ft (2024)
• Thandair Nagar 3rd Street: Rs 1,300 per sq.ft (2024)
• Thandair Nagar 4th Street: Rs 1,300 per sq.ft (2024)
• Thandair Nagar 6th Street: Rs 1,300 per sq.ft (2024)
• Thandair Nagar 7th Street: Rs 1,300 per sq.ft (2024)
• Thandair Nagar Main Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thandair Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000. Together, the total cost for stamp duty and registration fee would be Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thandair Nagar 2nd Street?

The Sub Registrar Office that covers Thandair Nagar 2nd Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor in the property registration process in Tondaiarpet. It serves as the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for both the buyer and seller. It helps in maintaining transparency in property transactions and aids in tax calculations.

Frequently asked questions

What is the current guideline value of Thandair Nagar 2nd Street?

The current guideline value of Thandair Nagar 2nd Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 622 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, marking an overall increase of +109% over the years.

Are there any years without a guideline value for Thandair Nagar 2nd Street?

Yes, there are no figures available for the years 2023, 2012, 2003, and 2002 for Thandair Nagar 2nd Street.

What is the land classification for Thandair Nagar 2nd Street?

Thandair Nagar 2nd Street falls under the Residential Class II Type - I land classification.

Where is the Sub Registrar Office for Thandair Nagar 2nd Street located?

The Sub Registrar Office for Thandair Nagar 2nd Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.