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Guideline Value

Corporate

Guideline Value for Thanthai Periyar Nagar Kennedy Street

₹2200/sq.ft.

The guideline value for Thanthai Periyar Nagar Kennedy Street in Tharamani village (Adayar SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tharamani

Village

Adayar

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thanthai Periyar Nagar Kennedy Street

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Thanthai Periyar Nagar Kennedy Street guideline value

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

How the guideline value of Thanthai Periyar Nagar Kennedy Street has changed

The guideline value for Thanthai Periyar Nagar Kennedy Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the latest 2024 revision has set it at Rs 2,200 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a rise of 10% in the guideline value.

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 in this area is Rs 2,800 per sq.ft, placing the 2024 figure for Thanthai Periyar Nagar Kennedy Street below that median.

Stamp duty and registration fee for property in Thanthai Periyar Nagar Kennedy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to 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, bringing the total cost together to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thanthai Periyar Nagar Kennedy Street?

The Sub Registrar Office that covers Thanthai Periyar Nagar Kennedy Street 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 plays a crucial role when buying or selling property in Tharamani. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that the guideline value is often used as a basis for these fees, which can significantly affect the overall cost of the property transaction.

When registering a property, it is essential to ensure that the sale price is either equal to or higher than the guideline value. This ensures that the correct amount of stamp duty is calculated, as it is charged on the higher of the two values.

Frequently asked questions

What is the current guideline value of Thanthai Periyar Nagar Kennedy Street?

The current guideline value of Thanthai Periyar Nagar Kennedy Street 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 this street?

Thanthai Periyar Nagar Kennedy Street is classified as Residential Class III Type - I.

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. For example, for a property valued at Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.