Guideline Value for Thandavarayan meisthry Street

Thandavarayan meisthry Street guideline value

The current guideline value of Thandavarayan meisthry Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thandavarayan meisthry Street has changed

The guideline value for Thandavarayan meisthry Street has seen several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 1,000 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2012 revision, and it remained the same in the 2023 revision. The most recent revision in 2024 saw a significant increase to Rs 2,200 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 120%. The register has no figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet village, there are 1,384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value is Rs 1,600 per sq.ft, placing Thandavarayan meisthry Street above this median.

• Thandair Nagar Main Street: Rs 1,300 per sq.ft (2024)
• Thandair Nagar 7th Street: Rs 1,300 per sq.ft (2024)
• Thandair Nagar 6th Street: Rs 1,300 per sq.ft (2024)
• Thandair Nagar 4th Street: Rs 1,300 per sq.ft (2024)
• Thandiar Nagar 5th Street: Rs 1,300 per sq.ft (2024)
• Thandair Nagar 3rd Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thandavarayan meisthry Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 details.

Which Sub Registrar Office covers Thandavarayan meisthry Street?

The Sub Registrar Office that covers Thandavarayan meisthry 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 determining the stamp duty and registration fees when buying or selling property. It serves as a benchmark for the minimum value at which the property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty. This ensures that the registration process is transparent and that the value of properties is accurately reflected in official records.

Frequently asked questions

What is the current guideline value of Thandavarayan meisthry Street?

The current guideline value of Thandavarayan meisthry Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 120%.

What are the stamp duty rates for properties in Thandavarayan meisthry Street?

The stamp duty rate for properties in Thandavarayan meisthry Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thandavarayan meisthry Street?

The Sub Registrar Office for Thandavarayan meisthry Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the median guideline value in Tondaiarpet village?

The median guideline value in Tondaiarpet village is Rs 1,600 per sq.ft, with Thandavarayan meisthry Street's value being above this median.