Guideline Value for Thandayudapani Nagar

Thandayudapani Nagar guideline value

The current guideline value of Thandayudapani Nagar is Rs 9,400 per sq.ft, effective from 1 July 2024. This area falls under Adayar village and the Adayar SRO, with a land classification of Residential Special Type - II.

How the guideline value of Thandayudapani Nagar has changed

Over the years, the guideline value of Thandayudapani Nagar has seen several revisions. The 2007 revision set the value at Rs 5,556 per sq.ft, which increased to Rs 8,500 per sq.ft in 2012, marking a 53% rise. However, from 2012 to 2017, the value decreased by 33% to Rs 5,695 per sq.ft. The guideline value then rose significantly to Rs 8,500 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 has further increased the value to Rs 9,400 per sq.ft, which is an 11% rise from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, there has been a cumulative increase of 69% in the guideline value.

Guideline values in Adayar

Adayar village has a total of 92 streets under the Adayar SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value for these streets is Rs 6,100 per sq.ft, positioning Thandayudapani Nagar's 2024 figure above this median.

• Thiruvalluvar Nagar 1st Street: Rs 6,100 per sq.ft (2024)
• Thiruvalluvar Nagar 2nd Street: Rs 6,100 per sq.ft (2024)
• Thiruvalluvar Nagar 3rd Street: Rs 6,100 per sq.ft (2024)
• Thiruvalluvar Nagar 4th Street: Rs 6,100 per sq.ft (2024)
• Thiru.Vi.Ka. Industrial Estate: Rs 7,200 per sq.ft (2024)
• Thulukkanathamman Kovil Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Thandayudapani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 9,400 per sq.ft, the total guideline value amounts to Rs 94,00,000. The stamp duty at 7% would be Rs 6,58,000, while the registration fee at 2% would be Rs 1,88,000, bringing the total fees to Rs 8,46,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thandayudapani Nagar?

The Sub Registrar Office covering Thandayudapani Nagar is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Adayar. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that all transactions are recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs associated with the transaction. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Thandayudapani Nagar?

The current guideline value of Thandayudapani Nagar is Rs 9,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,556 per sq.ft in 2007 to Rs 9,400 per sq.ft in 2024, reflecting an overall increase of 69% over the years.

What are the other streets in Adayar with their guideline values?

Other streets in Adayar include Thiruvalluvar Nagar 1st Street, 2nd Street, 3rd Street, and 4th Street, all at Rs 6,100 per sq.ft, Thiru.Vi.Ka. Industrial Estate at Rs 7,200 per sq.ft, and Thulukkanathamman Kovil Street at Rs 6,600 per sq.ft.

What fees are associated with buying property in Thandayudapani Nagar?

When buying property, the fees include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thandayudapani Nagar?

The Sub Registrar Office for Thandayudapani Nagar is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, second Street, Adyar, Chennai-20.