Guideline Value for Thanthai Periyar Street (M.G.R.Nagar)

Thanthai Periyar Street (M.G.R.Nagar) guideline value

The current guideline value of Thanthai Periyar Street (M.G.R.Nagar) is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Thanthai Periyar Street (M.G.R.Nagar) has changed

In the 2012 revision, the guideline value was set at Rs 3,000 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 3,000 per sq.ft. However, in the 2024 revision, the guideline value increased by 10% to Rs 3,300 per sq.ft. The overall change from 2012 to 2024 is an increase of 10%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for Thanthai Periyar Street (M.G.R.Nagar). The only revisions that have a recorded figure are from 2012, 2023, and 2024.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft in 2024. The median guideline value for these streets is Rs 4,900 per sq.ft, making the 2024 figure for Thanthai Periyar Street (M.G.R.Nagar) below that median.

• Thangavelu Nagar: Rs 3,300 per sq.ft (2024)
• Thandavagramini Street: Rs 3,300 per sq.ft (2024)
• Thambiya Reddy Main Road: Rs 7,700 per sq.ft (2024)
• Thilagar Street (Kattabomman Block): Rs 4,900 per sq.ft (2024)
• Thilagar Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Thadirathinam Street Block 85: Rs 4,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thanthai Periyar Street (M.G.R.Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 information on fees.

Which Sub Registrar Office covers Thanthai Periyar Street (M.G.R.Nagar)?

Thanthai Periyar Street (M.G.R.Nagar) is covered by the Ashok Nagar 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Kodambakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Thanthai Periyar Street (M.G.R.Nagar)?

The current guideline value of Thanthai Periyar Street (M.G.R.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 from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase. The value remained the same at Rs 3,000 per sq.ft in the 2023 revision.

What is the land classification for Thanthai Periyar Street (M.G.R.Nagar)?

The land classification for Thanthai Periyar Street (M.G.R.Nagar) is Residential Class IV Type - II. This classification is important for understanding the type of developments allowed in the area.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for properties on Thanthai Periyar Street (M.G.R.Nagar)?

The Ashok Nagar Sub Registrar Office handles registrations for properties on Thanthai Periyar Street (M.G.R.Nagar). It is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.