Guideline Value for Thandair Nagar 3rd Street

Thandair Nagar 3rd Street guideline value

The current guideline value of Thandair Nagar 3rd Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, classified as Residential Class II Type - I.

How the guideline value of Thandair Nagar 3rd Street has changed

Over the years, the guideline value of Thandair Nagar 3rd Street has seen several revisions. The 2007 revision recorded a value of Rs 622 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012. However, this was followed by a decrease to Rs 804 per sq.ft in 2017. The value then rose significantly to Rs 1,200 per sq.ft in 2023, before reaching the current figure of Rs 1,300 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it saw an 8% rise. The overall change from 2007 to 2024 is an increase of 109%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft, with a median of Rs 1,600 per sq.ft. The guideline value of Thandair Nagar 3rd Street is below this median.

• Thandair Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Thandair Nagar 4th Street: Rs 1,300 per sq.ft (2024)
• Thandair Nagar 1st 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Please note that 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 information.

Which Sub Registrar Office covers Thandair Nagar 3rd Street?

The Sub Registrar Office covering Thandair Nagar 3rd 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 details.

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

The guideline value is a crucial factor in property transactions in Tondaiarpet, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value serves as a reference point for calculating stamp duty and registration fees.

It is important for buyers and sellers to be aware of the current guideline value, as it can affect the overall costs associated with property transactions. This ensures that all parties are informed about the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value of Thandair Nagar 3rd Street?

The current guideline value of Thandair Nagar 3rd Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How 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, reflecting an overall increase of 109% over the years.

What are the stamp duty and registration fees for property in Thandair Nagar 3rd Street?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office covers Thandair Nagar 3rd Street?

The Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021, covers Thandair Nagar 3rd Street.

What is the land classification of Thandair Nagar 3rd Street?

Thandair Nagar 3rd Street is classified as Residential Class II Type - I.