Guideline Value for Thanthai Periyar Nagar Pattukottai Alagagiri St.,

Thanthai Periyar Nagar Pattukottai Alagagiri St., guideline value

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

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

Over the years, the guideline value for Thanthai Periyar Nagar Pattukottai Alagagiri St. has seen several revisions. 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 that, the value increased to Rs 2,000 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 2,200 per sq.ft. Notably, the register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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, indicating that Thanthai Periyar Nagar Pattukottai Alagagiri St.'s 2024 figure is below this median.

• Thanthai Periyar Nagar Ottravadai St.,: Rs 2,200 per sq.ft (2024)
• Thanthai Periyar Nagar Ramasamy Street: Rs 2,200 per sq.ft (2024)
• Thanthai Periyar Nagar Rani Ammal Street: Rs 2,200 per sq.ft (2024)
• Thanthai Periyar Nagar Muthumariamman Koil St: Rs 2,200 per sq.ft (2024)
• Thanthai Periyar Nagar Veerapandi St.,: Rs 2,200 per sq.ft (2024)
• Thanthai Periyar Nagar Kennedy Street: Rs 2,200 per sq.ft (2024)

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

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 to 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 our stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Thanthai Periyar Nagar Pattukottai Alagagiri 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

When buying or selling property in Tharamani, the guideline value plays a crucial role during the registration process. It is the basis for calculating stamp duty and registration fees, which are mandatory costs associated with property transactions.

The guideline value is determined by the government and is updated periodically. It is important for buyers and sellers to be aware of these values to ensure compliance with legal requirements and to accurately assess the costs involved in property transactions.

Frequently asked questions

What is the current guideline value for Thanthai Periyar Nagar Pattukottai Alagagiri St.?

The current guideline value for Thanthai Periyar Nagar Pattukottai Alagagiri 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 several times, with the most recent increase of 10% from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024. The value also decreased from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017 before increasing again.

What is the land classification for this street?

Thanthai Periyar Nagar Pattukottai Alagagiri St. is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Adayar Sub Registrar Office covers Thanthai Periyar Nagar Pattukottai Alagagiri St. It is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for property transactions?

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 a rate of 7%.