Guideline Value for Thanthai Periyar Nagar Ramasamy Street

Thanthai Periyar Nagar Ramasamy Street guideline value

The current guideline value of Thanthai Periyar Nagar Ramasamy Street 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 Ramasamy Street has changed

The guideline value for Thanthai Periyar Nagar Ramasamy Street has undergone 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. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 2,000 per sq.ft. The latest revision in 2024 has further increased the value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, and 2007 for this street. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase 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 for these streets is Rs 2,800 per sq.ft, which indicates that the 2024 figure for Thanthai Periyar Nagar Ramasamy Street is below this median.

• Thanthai Periyar Nagar Rani Ammal Street: Rs 2,200 per sq.ft (2024)
• Thanthai Periyar Nagar Pattukottai Alagagiri St.,: Rs 2,200 per sq.ft (2024)
• Thanthai Periyar Nagar Ottravadai St.,: Rs 2,200 per sq.ft (2024)
• Thanthai Periyar Nagar Veerapandi St.,: Rs 2,200 per sq.ft (2024)
• Thanthai Periyar Nagar Muthumariamman Koil 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 Ramasamy 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 to Rs 1,98,000. It is important to note that the 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 Ramasamy Street?

The Sub Registrar Office that covers Thanthai Periyar Nagar Ramasamy 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 is a crucial factor when buying or selling property in Tharamani. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers should be aware that the guideline value can affect the overall cost of the transaction.

When a property is sold, the guideline value serves as a reference point for the official valuation of the property. This ensures that the transaction is recorded accurately and that the appropriate fees are collected based on the established guideline value.

Frequently asked questions

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

The current guideline value of Thanthai Periyar Nagar Ramasamy 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 are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration of properties in Thanthai Periyar Nagar Ramasamy Street?

The Adayar Sub Registrar Office handles the registration of properties in Thanthai Periyar Nagar Ramasamy Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the land classification for Thanthai Periyar Nagar Ramasamy Street?

The land classification for Thanthai Periyar Nagar Ramasamy Street is Residential Class III Type - I, indicating its suitability for residential developments.