Guideline Value for Thandukkara Street

Thandukkara Street guideline value

The current guideline value of Thandukkara Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village under the Uthiramerur SRO, classified as Commercial Class I Type - I.

How the guideline value of Thandukkara Street has changed

The guideline value for Thandukkara Street has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. However, from 2017 to 2023, the guideline value rose significantly to Rs 1,500 per sq.ft, showing an increase of 180%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

In the most recent 2024 revision, the guideline value remained unchanged at Rs 1,500 per sq.ft compared to the previous year, indicating a 0% change from 2023. Overall, from 2012 to 2024, the guideline value has increased by 88%.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 800 per sq.ft. Thandukkara Street's 2024 figure is above this median.

• Thandavaraya chetty Street: Rs 1,500 per sq.ft (2024)
• Thalaiyari Street: Rs 700 per sq.ft (2024)
• S.V.Nagar: Rs 900 per sq.ft (2024)
• Sunnambukkara Street: Rs 1,000 per sq.ft (2024)
• Sundharavaradhaja Perumal Sannadhi Street: Rs 1,500 per sq.ft (2024)
• Thirumalaiyapillai Santhu: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thandukkara Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value totals Rs 15,00,000. The stamp duty at 7% amounts to Rs 1,05,000, and the registration fee at 2% is Rs 30,000, making the total Rs 1,35,000. It is important to note that 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 information.

Which Sub Registrar Office covers Thandukkara Street?

The Sub Registrar Office that covers Thandukkara Street is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Uthiramerur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, which can influence the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Thandukkara Street?

The current guideline value of Thandukkara Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023 and remained the same in 2024.

What is the median guideline value in Uthiramerur?

The median guideline value in Uthiramerur is Rs 800 per sq.ft, with Thandukkara Street's 2024 figure being above this median.

What are the stamp duty rates for properties in Thandukkara Street?

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

Where is the Sub Registrar Office for Thandukkara Street located?

The Sub Registrar Office for Thandukkara Street is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.