Guideline Value for Thandavarayan Street

Thandavarayan Street guideline value

The current guideline value of Thandavarayan Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thandavarayan Street has changed

The guideline value for Thandavarayan Street has seen significant changes over the years. In 2007, the value was Rs 945 per sq.ft, which increased dramatically to Rs 6,000 per sq.ft by 2012, marking a rise of 535%. However, from 2012 to 2017, the value decreased to Rs 4,020 per sq.ft, a decline of 33%. The value then rose again to Rs 6,000 per sq.ft in 2023, reflecting a 49% increase. Most recently, the 2024 revision set the value at Rs 6,600 per sq.ft, a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 598%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value is Rs 6,600 per sq.ft, which is equal to Thandavarayan Street's current guideline value.

• Thanappa Chetty Street: Rs 6,600 per sq.ft (2024)
• Thambu Naicken Street: Rs 5,500 per sq.ft (2024)
• Thangavel Vaidyar Street: Rs 5,500 per sq.ft (2024)
• Thalayari Street: Rs 7,700 per sq.ft (2024)
• Thanikachalam Street: Rs 5,500 per sq.ft (2024)
• Thayar Saheb 1st Lane: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thandavarayan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Thandavarayan Street?

The Sub Registrar Office that covers Thandavarayan Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Triplicane. It helps determine the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable charges. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations and accurate financial planning.

Frequently asked questions

What is the current guideline value of Thandavarayan Street?

The current guideline value of Thandavarayan Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 945 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 598% over this period.

What are the stamp duty and registration fees for properties in Thandavarayan Street?

For a 1,000 sq.ft property, the total guideline value is Rs 66,00,000, leading to a stamp duty of Rs 4,62,000 and a registration fee of Rs 1,32,000, totaling Rs 5,94,000.

Which Sub Registrar Office covers Thandavarayan Street?

The Triplicane Sub Registrar Office covers Thandavarayan Street, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

What is the land classification for Thandavarayan Street?

Thandavarayan Street is classified as Residential Class I Type - I, which influences its guideline value and usage regulations.