Guideline Value for Thanikgai Avenue

Thanikgai Avenue guideline value

The current guideline value of Thanikgai Avenue is Rs 650 per sq.ft, effective from 1 July 2024. This street is located in Oothivakkam village under the Thiruporur SRO and is classified as Residential Class I Type - III.

How the guideline value of Thanikgai Avenue has changed

According to the guideline value register, Thanikgai Avenue has had a consistent guideline value of Rs 650 per sq.ft for the revisions in both 2023 and 2024, reflecting no change from the previous year. The register has no figures for the revisions in 2017, 2012, 2007, 2003, and 2002.

With the 2023 to 2024 revision showing a change of +0%, it indicates stability in the guideline value for this street. The absence of figures in earlier revisions suggests that the guideline value has remained unchanged for some time.

Guideline values in Oothivakkam

In Oothivakkam, there are 20 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,792 per sq.ft, with a median value of Rs 825 per sq.ft. Thanikgai Avenue's 2024 figure of Rs 650 per sq.ft is below this median.

• Thancham Avenue: Rs 650 per sq.ft (2024)
• Thadagam Avenue: Rs 650 per sq.ft (2024)
• Sri Varman Nagar: Rs 200 per sq.ft (2024)
• Sri Sivadurgai Garden: Rs 200 per sq.ft (2024)
• Sri Sathya Sai Nagar Ext II: Rs 1,792 per sq.ft (2024)
• Sri Sathya Sai Nagar Ext I: Rs 1,792 per sq.ft (2024)

Stamp duty and registration fee for property in Thanikgai Avenue

For a 1,000 sq.ft plot at the current rate, the guideline value would amount to Rs 6,50,000. The stamp duty at 7% would be Rs 45,500, and the registration fee at 2% would be Rs 13,000, totaling Rs 58,500. 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 Thanikgai Avenue?

The Sub Registrar Office that covers Thanikgai Avenue is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Oothivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in transactions.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thanikgai Avenue?

The current guideline value of Thanikgai Avenue is Rs 650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thanikgai Avenue has remained at Rs 650 per sq.ft for both the 2023 and 2024 revisions, with no figures available for revisions in 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Thanikgai Avenue?

Thanikgai Avenue is classified as Residential Class I Type - III, indicating its zoning for residential use.

Where can I find the Sub Registrar Office for Thanikgai Avenue?

The Thiruporur Sub Registrar Office covers Thanikgai Avenue and is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

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

Stamp duty for properties in Thanikgai Avenue is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.