Guideline Value for Thanigaimalai St

Thanigaimalai St guideline value

The current guideline value of Thanigaimalai St is Rs 3,080 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village, under the Chennai South Joint I SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Thanigaimalai St has changed

The guideline value for Thanigaimalai St has seen several revisions over the years. The earliest recorded figure is from 2012, set at Rs 2,800 per sq.ft. This value was revised to Rs 1,876 per sq.ft in 2017, marking a decrease of 33%. In 2023, the guideline value increased to Rs 2,800 per sq.ft, and then further rose to Rs 3,080 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ekkaduthangal

In Ekkaduthangal village, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median value for these streets is Rs 4,620 per sq.ft, placing Thanigaimalai St's 2024 figure below this median.

• Thandavarayan Street: Rs 3,080 per sq.ft (2024)
• Thirugnanasambandam Street: Rs 3,520 per sq.ft (2024)
• Thirukumaran St: Rs 3,080 per sq.ft (2024)
• Thirumal 7th Street (Gandhi Nagar): Rs 3,520 per sq.ft (2024)
• Thirumal Street: Rs 3,520 per sq.ft (2024)
• Thirumoolar Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Thanigaimalai St

For a 1,000 sq.ft plot at the current guideline value of Rs 3,080 per sq.ft, the total guideline value would be Rs 30,80,000. The stamp duty at 7% would amount to Rs 2,15,600, and the registration fee at 2% would be Rs 61,600, bringing the total charges to Rs 2,77,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thanigaimalai St?

Thanigaimalai St is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider the guideline value to understand the financial implications of their transactions.

When registering a property, the guideline value serves as a benchmark for calculating the stamp duty. This ensures that the government receives the appropriate revenue from property transactions, contributing to local infrastructure and services.

Frequently asked questions

What is the current guideline value of Thanigaimalai St?

The current guideline value of Thanigaimalai St is Rs 3,080 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,800 per sq.ft in 2012 to Rs 1,876 per sq.ft in 2017, then back to Rs 2,800 per sq.ft in 2023, and finally to Rs 3,080 per sq.ft in 2024.

What is the land classification for Thanigaimalai St?

Thanigaimalai St is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for property in Thanigaimalai St?

For a property valued at Rs 30,80,000, the stamp duty would be Rs 2,15,600 and the registration fee would be Rs 61,600, totaling Rs 2,77,200.

Which office handles registrations for Thanigaimalai St?

The Chennai South Joint I Sub Registrar Office handles registrations for Thanigaimalai St, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.