Guideline Value for Thanthai Periyar Nagar Rani Ammal Street

Thanthai Periyar Nagar Rani Ammal Street guideline value

The current guideline value of Thanthai Periyar Nagar Rani Ammal 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 Rani Ammal Street has changed

The guideline value for Thanthai Periyar Nagar Rani Ammal Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, and further rose to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is a 10% increase. The revisions from 2017 to 2023 saw a substantial increase of 49%. It is important to note that the register has no figure for this street for the years 2002, 2003, and 2007.

Guideline values in Tharamani

In Tharamani, there are 78 streets under the Adayar SRO that have 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 Rani Ammal Street is below this median.

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

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 cost for these fees to Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thanthai Periyar Nagar Rani Ammal Street?

The Sub Registrar Office that covers Thanthai Periyar Nagar Rani Ammal 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 critical factor in property transactions in Tharamani. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is determined by the government and is updated periodically to reflect changes in the real estate market.

When buying or selling property, the guideline value ensures that the transaction is registered accurately and fairly. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the actual sale price, ensuring compliance with legal requirements during the registration process.

Frequently asked questions

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

The current guideline value of Thanthai Periyar Nagar Rani Ammal 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 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 Rani Ammal Street is classified as Residential Class III Type - I.

Which Sub Registrar Office is responsible for this area?

The Adayar Sub Registrar Office is responsible for the registration of properties in Thanthai Periyar Nagar Rani Ammal Street, 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 at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.