Guideline Value for Thanthai Periyar Nagar Kakkanji St.,

Thanthai Periyar Nagar Kakkanji St., guideline value

The current guideline value for Thanthai Periyar Nagar Kakkanji St., is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tharamani village under the Adayar Sub Registrar Office, and it falls under Residential Class III Type - I land classification.

How the guideline value of Thanthai Periyar Nagar Kakkanji St., has changed

The guideline value for Thanthai Periyar Nagar Kakkanji St., has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,340 per sq.ft. The 2023 revision increased the value to Rs 2,000 per sq.ft, followed by the latest 2024 revision, which raised it to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change is an increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Tharamani

In Tharamani, there are 78 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 1,700 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 2,800 per sq.ft, placing the 2024 value of Thanthai Periyar Nagar Kakkanji St., below this median.

• Thanthai Periyar Nagar Kattabomman St.,: Rs 2,200 per sq.ft (2024)
• Thanthai Periyar Nagar Kennedy Street: Rs 2,200 per sq.ft (2024)
• Thanthai Periyar Nagar Muthumariamman Koil St: Rs 2,200 per sq.ft (2024)
• Thanthai Periyar Nagar Ottravadai St.,: Rs 2,200 per sq.ft (2024)
• Thanthai Periyar Nagar Pattukottai Alagagiri St.,: Rs 2,200 per sq.ft (2024)
• Thanthai Periyar Nagar Ramasamy Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thanthai Periyar Nagar Kakkanji St.,

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. Note that the 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 details.

Which Sub Registrar Office covers Thanthai Periyar Nagar Kakkanji St.,?

The Adayar Sub Registrar Office covers Thanthai Periyar Nagar Kakkanji St., and is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

When buying or selling property in Tharamani, the guideline value is a crucial factor in determining the stamp duty and registration fees. It serves as a reference point for the value of the property and is used to calculate the taxes applicable during the registration process.

The guideline value ensures that the property is registered at a fair value, helping to maintain transparency in real estate transactions. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thanthai Periyar Nagar Kakkanji St.,?

The current guideline value of Thanthai Periyar Nagar Kakkanji St., is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase. It was Rs 1,340 per sq.ft in 2017 and Rs 2,000 per sq.ft in 2012, showing significant fluctuations over the years.

What is the land classification for this street?

Thanthai Periyar Nagar Kakkanji St., is classified under Residential Class III Type - I land classification.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.