Guideline Value for Tharabatathi Street, Jaya Nagar

Tharabatathi Street, Jaya Nagar guideline value

The current guideline value of Tharabatathi Street, Jaya Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO and is classified as Residential Class II Type - I.

How the guideline value of Tharabatathi Street, Jaya Nagar has changed

The guideline value for Tharabatathi Street has seen revisions over the years, with the most recent being in 2024, where it was set at Rs 2,200 per sq.ft. Prior to this, the 2023 revision recorded a value of Rs 2,000 per sq.ft, marking a 10% increase from the previous year.

For the years 2017, 2012, 2007, 2003, and 2002, the register has no figure for this street in it. The only available figures are from the 2023 and 2024 revisions.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, placing Tharabatathi Street's 2024 figure below this median.

• Thara Barathi Street: Rs 2,200 per sq.ft (2024)
• Thendulkar Street: Rs 2,200 per sq.ft (2024)
• Thangavelu Street Extn: Rs 2,200 per sq.ft (2024)
• Thangavelu Street: Rs 2,200 per sq.ft (2024)
• Thangal Salai (Sadasiva Nagar): Rs 2,750 per sq.ft (2024)
• Thilagar Avenue: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Tharabatathi Street, Jaya Nagar

For a 1,000 sq.ft plot at the current rate, the 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, totaling Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Tharabatathi Street, Jaya Nagar?

The Sub Registrar Office that covers Tharabatathi Street, Jaya Nagar is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value plays a crucial role in the registration process when buying or selling property in Madipakkam-1. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is transparent and consistent across all transactions.

Frequently asked questions

What is the current guideline value of Tharabatathi Street, Jaya Nagar?

The current guideline value of Tharabatathi Street, Jaya Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Tharabatathi Street has changed from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Madipakkam-1?

The median guideline value for streets in Madipakkam-1 is Rs 2,750 per sq.ft. Tharabatathi Street's 2024 figure is below this median.

What are the stamp duty and registration fees for a property in Tharabatathi Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,98,000. This includes a stamp duty of Rs 1,54,000 and a registration fee of Rs 44,000.

Where can I find the Sub Registrar Office for Tharabatathi Street?

The Sub Registrar Office for Tharabatathi Street, Jaya Nagar is the Velacheri Sub Registrar Office located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.