Guideline Value for Thanikachalam Nagar 11th St ( Ward No.24 )

Thanikachalam Nagar 11th St ( Ward No.24 ) guideline value

The current guideline value for Thanikachalam Nagar 11th St ( Ward No.24 ) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Special Type - I.

How the guideline value of Thanikachalam Nagar 11th St ( Ward No.24 ) has changed

The guideline value for Thanikachalam Nagar 11th St has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in the 2017 revision. Following that, the 2023 revision increased the value to Rs 2,500 per sq.ft, and the most recent 2024 revision brought it up to Rs 2,700 per sq.ft, marking an increase of 8% from the previous year.

In summary, from 2012 to 2024, the overall change in guideline value is an increase of 8%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, making the current value of Thanikachalam Nagar 11th St above the median.

• Thanikachalam Nagar 10th St ( Ward No.24 ): Rs 2,700 per sq.ft (2024)
• Thanikachalam Nagar 12th St ( Ward No.24 ): Rs 2,700 per sq.ft (2024)
• Thanikachalam Nagar 1st Cross Rd ( Ward No.23 ): Rs 2,700 per sq.ft (2024)
• Thanikachalam Avenue: Rs 2,700 per sq.ft (2024)
• Thanikachalam Nagar 1st Cross st ( Ward No.24 ): Rs 2,700 per sq.ft (2024)
• Thanikachalam Nagar 1st St ( Ward No.24 ): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thanikachalam Nagar 11th St ( Ward No.24 )

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% is Rs 1,89,000, and the registration fee at 2% is Rs 54,000, totaling Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thanikachalam Nagar 11th St ( Ward No.24 )?

The Sub Registrar Office that covers Thanikachalam Nagar 11th St ( Ward No.24 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

Frequently asked questions

What is the current guideline value of Thanikachalam Nagar 11th St?

The current guideline value of Thanikachalam Nagar 11th St ( Ward No.24 ) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, an increase of 8%. From 2012 to 2024, the overall change is an increase of 8% as well.

What is the land classification for Thanikachalam Nagar 11th St?

Thanikachalam Nagar 11th St is classified as Residential Special Type - I, indicating its use for residential purposes.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 27,00,000, the stamp duty is Rs 1,89,000 and the registration fee is Rs 54,000, totaling Rs 2,43,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thanikachalam Nagar 11th St?

The Madhavaram Sub Registrar Office covers Thanikachalam Nagar 11th St and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.