Guideline Value for Tharangeswari Nagar 2nd Street

Tharangeswari Nagar 2nd Street guideline value

The current guideline value of Tharangeswari Nagar 2nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village, under the Selaiyur SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Tharangeswari Nagar 2nd Street has changed

The guideline value for Tharangeswari Nagar 2nd Street has seen several revisions over the years. In 2007, the value was Rs 750 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, it dropped to Rs 2,010 per sq.ft in 2017 before rising again to Rs 3,000 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 340%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Tharangeswari Nagar 2nd Street's 2024 figure above this median.

• Tharangeswari Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Tharangeswari Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Tharangeswari Nagar: Rs 3,300 per sq.ft (2024)
• Tharangeswari Nagar Main Road: Rs 3,300 per sq.ft (2024)
• Thangammal Avenue: Rs 3,300 per sq.ft (2024)
• Thirukkural 1st Cross Street: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Tharangeswari Nagar 2nd Street

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 be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling 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 calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tharangeswari Nagar 2nd Street?

The Sub Registrar Office covering Tharangeswari Nagar 2nd Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO online.

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

The guideline value is a critical factor in property transactions in Chembakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties adhere to legal requirements.

It is essential for buyers and sellers to be aware of the current guideline value, as it can impact the overall cost of the transaction. Accurate knowledge of these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Tharangeswari Nagar 2nd Street?

The current guideline value of Tharangeswari Nagar 2nd Street 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 750 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking a total increase of 340% over this period.

What are the stamp duty and registration fees for properties 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.

Which registration office covers Tharangeswari Nagar 2nd Street?

The Selaiyur Sub Registrar Office covers Tharangeswari Nagar 2nd Street, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.

What is the land classification of Tharangeswari Nagar 2nd Street?

Tharangeswari Nagar 2nd Street is classified as Commercial Class I Type - II.