Guideline Value for Thangammal Avenue

Thangammal Avenue guideline value

The current guideline value of Thangammal Avenue is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village under the Selaiyur SRO, classified as Commercial Class I Type - II.

How the guideline value of Thangammal Avenue has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in the 2017 revision. This marked a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,000 per sq.ft, representing a 49% rise. The current 2024 revision shows a further increase to Rs 3,300 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Thangammal Avenue. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value for the village is Rs 2,200 per sq.ft, making Thangammal Avenue's value above this median.

• Tharangeswari Nagar: Rs 3,300 per sq.ft (2024)
• Tharangeswari Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Tharangeswari Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Tharangeswari Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Tharangeswari Nagar Main Road: Rs 3,300 per sq.ft (2024)
• Thirukkural 1st Cross Street: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thangammal Avenue

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Please 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 details.

Which Sub Registrar Office covers Thangammal Avenue?

The Sub Registrar Office that covers Thangammal Avenue is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opposite to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process for property transactions in Chembakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring compliance with legal requirements.

When a property is bought or sold, the guideline value serves as a benchmark for the transaction price. If the sale price is higher than the guideline value, the duty is charged based on the sale price instead.

Frequently asked questions

What is the current guideline value of Thangammal Avenue?

The current guideline value of Thangammal Avenue is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification of Thangammal Avenue?

Thangammal Avenue is classified as Commercial Class I Type - II.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opposite to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in Thangammal Avenue?

Stamp duty is calculated based on the higher value between the guideline value and the sale price. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at 7%.