Guideline Value for Thaskant Street

Thaskant Street guideline value

The current guideline value of Thaskant Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thaskant Street has changed

The guideline value for Thaskant Street has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a significant rise of 100%. The value remained unchanged at Rs 1,200 per sq.ft until the 2023 revision, when it increased to Rs 1,300 per sq.ft, reflecting an 8% increase. The current guideline value of Rs 1,300 per sq.ft will take effect from 1 July 2024.

There are no figures available for the revisions in 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by 117%.

Guideline values in Tondaiarpet

In Tondaiarpet village, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing Thaskant Street's 2024 figure below the median.

• Theen Murthy Nagar: Rs 1,300 per sq.ft (2024)
• Thideer Nagar: Rs 1,300 per sq.ft (2024)
• Thandiar Nagar 5th Street: Rs 1,300 per sq.ft (2024)
• Thilagar Nagar: Rs 1,300 per sq.ft (2024)
• Thandavarayan meisthry Street: Rs 2,200 per sq.ft (2024)
• Thandair Nagar Main Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thaskant Street

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thaskant Street?

The Sub Registrar Office that covers Thaskant Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process of property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the actual sale price, whichever is higher, which can impact the overall expense of the transaction.

Frequently asked questions

What is the current guideline value of Thaskant Street?

The current guideline value of Thaskant Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, marking a total increase of 117% over the years.

What is the median guideline value in Tondaiarpet?

The median guideline value for streets in Tondaiarpet is Rs 1,600 per sq.ft, which is above the current value of Thaskant Street.

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

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,17,000, based on a guideline value of Rs 13,00,000.

Which office handles property registrations for Thaskant Street?

The Royapuram Sub Registrar Office handles property registrations for Thaskant Street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.