Guideline Value for Thangam Avenue Phase II

Thangam Avenue Phase II guideline value

The current guideline value of Thangam Avenue Phase II is Rs 1,760 per sq.ft, effective from 1 July 2024. This property is located in Chikkarayapuram village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thangam Avenue Phase II has changed

The guideline value for Thangam Avenue Phase II has seen significant changes over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased dramatically to Rs 1,600 per sq.ft in 2012, marking a rise of 700%. However, it then decreased to Rs 1,072 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 1,600 per sq.ft in 2023, and most recently, it has increased to Rs 1,760 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 780%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Chikkarayapuram

In Chikkarayapuram, there are 61 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 2,800 per sq.ft, with a median value of Rs 1,980 per sq.ft. Thangam Avenue Phase II's 2024 guideline value is below this median.

• Thillai Nataraja Nagar: Rs 1,760 per sq.ft (2024)
• Sushilammal Nagar: Rs 1,980 per sq.ft (2024)
• Sunder Avenue Annexe: Rs 1,760 per sq.ft (2024)
• Sunder Avenue: Rs 1,980 per sq.ft (2024)
• Sueelambal Nagar: Rs 1,870 per sq.ft (2024)
• Subramani Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Thangam Avenue Phase II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, while the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to Rs 1,58,400. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thangam Avenue Phase II?

The Thangam Avenue Phase II is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Chikkarayapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Thangam Avenue Phase II?

The current guideline value of Thangam Avenue Phase II is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 200 per sq.ft to Rs 1,760 per sq.ft in 2024, representing an overall increase of 780%.

What is the land classification for Thangam Avenue Phase II?

Thangam Avenue Phase II is classified as Residential Class I Type - I.

Where can I find the registration office for Thangam Avenue Phase II?

The registration office for Thangam Avenue Phase II is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,760 per sq.ft, the total fees would amount to Rs 1,58,400.