Guideline Value for Thandiar Nagar 5th Street

Thandiar Nagar 5th Street guideline value

The current guideline value of Thandiar Nagar 5th Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the jurisdiction of the Royapuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thandiar Nagar 5th Street has changed

The guideline value for Thandiar Nagar 5th Street has undergone several revisions over the years. The oldest recorded revision is from 2007, where the guideline value was Rs 600 per sq.ft. In the 2024 revision, this value increased to Rs 1,300 per sq.ft, marking a significant change of +117% from the 2007 figure. There are no recorded figures for the years 2023, 2017, 2012, 2003, and 2002 for this street.

In summary, the guideline value has risen from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024. This represents a substantial increase over the years, reflecting the changes in property valuation within the area.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value in the village is Rs 1,600 per sq.ft, which indicates that the guideline value of Thandiar Nagar 5th Street is below the median.

• Thandavarayan meisthry Street: Rs 2,200 per sq.ft (2024)
• 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)
• Thandair Nagar 3rd Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thandiar Nagar 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total charges to Rs 1,17,000. 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 based on your specific property.

Which Sub Registrar Office covers Thandiar Nagar 5th Street?

The Sub Registrar Office that covers Thandiar Nagar 5th Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration of property transactions in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of a property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for tax purposes and legal compliance. It is important for buyers and sellers to be aware of the current guideline value in order to understand their financial obligations during the property transaction process.

Frequently asked questions

What is the current guideline value of Thandiar Nagar 5th Street?

The current guideline value of Thandiar Nagar 5th Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, representing an increase of +117%.

Are there any revisions without figures for Thandiar Nagar 5th Street?

Yes, the register has no figures for the years 2023, 2017, 2012, 2003, and 2002 for Thandiar Nagar 5th Street.

What is the land classification for Thandiar Nagar 5th Street?

Thandiar Nagar 5th Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Thandiar Nagar 5th Street?

The Sub Registrar Office for Thandiar Nagar 5th Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.