Guideline Value for Thanthai Periyar Nagar

Thanthai Periyar Nagar guideline value

The current guideline value of Thanthai Periyar Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Ayanavaram village, under the AnnaNagar SRO, and is classified as Residential Class II Type - II.

How the guideline value of Thanthai Periyar Nagar has changed

The guideline value for Thanthai Periyar Nagar has undergone several revisions over the years. Starting from Rs 534 per sq.ft in 2002, it increased to Rs 599 per sq.ft in 2003. The value then rose significantly to Rs 1,200 per sq.ft in 2007, followed by a jump to Rs 3,000 per sq.ft in 2012. However, it decreased to Rs 2,010 per sq.ft in 2017, before climbing back to Rs 3,000 per sq.ft in 2023, and finally reaching Rs 3,300 per sq.ft in 2024.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024. There was a notable increase of 49% from 2017 to 2023. The value saw a decrease of 33% from 2012 to 2017, while it surged by 150% from 2007 to 2012. The increase from 2003 to 2007 was 100%, and from 2002 to 2003, it was 12%. Overall, from 2002 to 2024, the guideline value has increased by 518%. The register has no figure for the years not mentioned.

Guideline values in Ayanavaram

In Ayanavaram, there are 369 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,000 per sq.ft, with a median value of Rs 4,900 per sq.ft. The guideline value for Thanthai Periyar Nagar is below this median.

• Thalamuthu Street: Rs 3,300 per sq.ft (2024)
• T.B. Hospital: Rs 3,300 per sq.ft (2024)
• Thirumalai Raja Lane: Rs 4,900 per sq.ft (2024)
• Thirumalai Raja Street: Rs 4,900 per sq.ft (2024)
• Tagore Nagar main Road: Rs 3,300 per sq.ft (2024)
• Tagore Nagar Ist Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thanthai Periyar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, resulting in a total of Rs 2,97,000. 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?

The Sub Registrar Office that covers Thanthai Periyar Nagar is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ayanavaram

The guideline value is a crucial factor when registering property transactions in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is essential for buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thanthai Periyar Nagar?

The current guideline value of Thanthai Periyar Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 534 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification of Thanthai Periyar Nagar?

Thanthai Periyar Nagar is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for Thanthai Periyar Nagar?

The Sub Registrar Office for Thanthai Periyar Nagar is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Thanthai Periyar Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot, the total guideline value is Rs 33,00,000, leading to a stamp duty of Rs 2,31,000.