Guideline Value for Thandavagramini Street

Thandavagramini Street guideline value

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

How the guideline value of Thandavagramini Street has changed

The guideline value has undergone several revisions over the years. The 2007 revision set the value at Rs 880 per sq.ft, which saw a significant increase to Rs 3,000 per sq.ft in the 2012 revision. This remained unchanged until the 2023 revision, where it was again Rs 3,000 per sq.ft. The most recent revision in 2024 has increased the value to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 275%. It is important to note that there are no figures available for the years 2002, 2003, and 2017 in the register for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with 2024 figures ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Thandavagramini Street's 2024 value below this median.

• Thambiya Reddy Main Road: Rs 7,700 per sq.ft (2024)
• Thangavelu Nagar: Rs 3,300 per sq.ft (2024)
• Thadirathinam Street Block 85: Rs 4,100 per sq.ft (2024)
• Thanthai Periyar Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Swamy Nathan Street: Rs 4,100 per sq.ft (2024)
• Thilagar Street (Kattabomman Block): Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thandavagramini Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thandavagramini Street?

The Sub Registrar Office that covers Thandavagramini Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kodambakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, 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 the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thandavagramini Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 880 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 275% over the years.

What is the median guideline value for streets in Kodambakkam?

The median guideline value for the 1,031 streets in Kodambakkam under the Ashok Nagar SRO is Rs 4,900 per sq.ft.

What are the stamp duty and registration fees for a property in Thandavagramini Street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Where is the Sub Registrar Office for Thandavagramini Street located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.