Guideline Value for Tharangeswari Nagar 3rd Street

Tharangeswari Nagar 3rd Street guideline value

The current guideline value of Tharangeswari Nagar 3rd 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 3rd Street has changed

Looking at the historical revisions, the guideline value for Tharangeswari Nagar 3rd Street has changed significantly over the years. In 2007, the value was Rs 750 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012. This was a substantial increase of 300%. However, by 2017, the value dropped to Rs 2,010 per sq.ft, marking a decrease of 33%. The value then rose sharply to Rs 3,000 per sq.ft in 2023, and further increased by 10% to Rs 3,300 per sq.ft in 2024.

From 2017 to 2023, the increase was 49%, and overall, from 2007 to 2024, the guideline value has risen by 340%. The register does not have 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 in this village is Rs 2,200 per sq.ft, which means that the 2024 figure for Tharangeswari Nagar 3rd Street is above that median.

• Tharangeswari Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Tharangeswari Nagar Main Road: Rs 3,300 per sq.ft (2024)
• Tharangeswari Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Tharangeswari Nagar: 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 3rd 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 amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for these charges would be Rs 2,97,000. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tharangeswari Nagar 3rd Street?

The Tharangeswari Nagar 3rd Street falls under 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 for more information.

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

The guideline value plays a crucial role in property transactions in Chembakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is set by the Registration Department and is updated periodically to reflect changes in the market.

When selling property, the guideline value ensures that the sale price is in line with government valuations, which helps maintain transparency in the real estate market. Buyers and sellers should be aware of the current guideline values to ensure that they are complying with legal requirements during transactions.

Frequently asked questions

What is the current guideline value of Tharangeswari Nagar 3rd Street?

The current guideline value of Tharangeswari Nagar 3rd 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 seen significant changes, increasing from Rs 750 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, which is an overall increase of 340%.

What is the registration office for Tharangeswari Nagar 3rd Street?

The registration office for Tharangeswari Nagar 3rd Street is the Selaiyur Sub Registrar Office located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What are the stamp duty rates for properties in Chembakkam?

The stamp duty for properties in Chembakkam is currently set at 7% of the guideline value or sale price, whichever is higher.

What is the median guideline value in Chembakkam?

The median guideline value in Chembakkam is Rs 2,200 per sq.ft, which indicates that the guideline value for Tharangeswari Nagar 3rd Street is above this median.