Guideline Value for Thanthai Periyar Street

Thanthai Periyar Street guideline value

The current guideline value of Thanthai Periyar Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Thanthai Periyar Street has changed

The guideline value for Thanthai Periyar Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,540 per sq.ft, an increase from Rs 1,400 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the value was Rs 938 per sq.ft, indicating a significant increase of 49% from 2017 to 2023. The overall change from 2017 to 2024 is 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median value is Rs 1,540 per sq.ft, which is equal to the current guideline value of Thanthai Periyar Street.

• Thanthai Periyar 1, II, III Street: Rs 1,540 per sq.ft (2024)
• Thalaivar T.K. Kumarasamy Street: Rs 1,540 per sq.ft (2024)
• Thalaivar N. Sammandham Street: Rs 1,540 per sq.ft (2024)
• Thai Sundaram Nagar: Rs 1,540 per sq.ft (2024)
• Temple Waves: Rs 1,760 per sq.ft (2024)
• Thirumudivakkam Road: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Thanthai Periyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, while the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. It is important to note that 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 Street?

The Sub Registrar Office that covers Thanthai Periyar Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor during the registration of property transactions in Kunrathour-B. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per the government’s assessment.

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 compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Thanthai Periyar Street?

The current guideline value of Thanthai Periyar Street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 938 per sq.ft in 2017 to Rs 1,540 per sq.ft in 2024, marking an overall change of 64%.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value, which can be calculated using the guideline value of the property.

Which Sub Registrar Office handles the registration for Thanthai Periyar Street?

The Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, handles the registration for Thanthai Periyar Street.

What is the land classification for Thanthai Periyar Street?

Thanthai Periyar Street is classified as Residential Special Type - I under the Kunrathur SRO.