Guideline Value for Thanthai Periyar Nagar Kattabomman St.,

Thanthai Periyar Nagar Kattabomman St., guideline value

The current guideline value of Thanthai Periyar Nagar Kattabomman St., is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tharamani village under the Adayar SRO, classified as Residential Class III Type - I.

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

The guideline value for this street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the most recent 2024 revision has raised it to Rs 2,200 per sq.ft.

From the 2017 revision to 2023, there was a significant increase of 49%. The latest change from 2023 to 2024 is an increase of 10%. Overall, comparing the 2012 revision to the current 2024 figure, there has been a 10% increase. 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, with a median value of Rs 2,800 per sq.ft. The guideline value for Thanthai Periyar Nagar Kattabomman St., is below this median.

• Thanthai Periyar Nagar Kennedy Street: Rs 2,200 per sq.ft (2024)
• Thanthai Periyar Nagar Kakkanji St.,: 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 Kattabomman 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 be Rs 1,54,000 and the registration fee at 2% would be Rs 44,000, making the total Rs 1,98,000. It is important to 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 Thanthai Periyar Nagar Kattabomman St.,?

The Sub Registrar Office covering Thanthai Periyar Nagar Kattabomman St., is the Adayar Sub Registrar Office, 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

The guideline value is an essential factor during the registration of property transactions in Tharamani. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the higher value between the guideline value and the actual sale price is considered for calculating the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

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

The current guideline value of Thanthai Periyar Nagar Kattabomman 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 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Thanthai Periyar Nagar Kattabomman St.,?

Thanthai Periyar Nagar Kattabomman St., is classified as Residential Class III Type - I.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions is 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for this street?

The Adayar Sub Registrar Office handles registrations for Thanthai Periyar Nagar Kattabomman St., located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.