Guideline Value for Thatcha Lane

Thatcha Lane guideline value

The current guideline value of Thatcha Lane, located in Thirunageswaram village under the Kunrathur SRO, is Rs 1,550 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Thatcha Lane has changed

The guideline value for Thatcha Lane has seen several revisions over the years. In 2012, the value was set at Rs 1,400 per sq.ft, which then decreased to Rs 938 per sq.ft in 2017. This marked a significant drop of 33%. However, from 2017 to 2023, the value increased by 49%, reaching Rs 1,400 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 1,550 per sq.ft, reflecting an 11% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Thirunageswaram

In Thirunageswaram, there are 105 streets under the Kunrathur SRO, with guideline values ranging from Rs 800 to Rs 2,000 per sq.ft. The median guideline value is Rs 1,550 per sq.ft, which is equal to the current value of Thatcha Lane.

• Thatcha Street: Rs 1,550 per sq.ft (2024)
• Thirunages-Colony/ MGR Nagar & Lane: Rs 800 per sq.ft (2024)
• Thirunageswaram Colony 1: Rs 800 per sq.ft (2024)
• Thirunageswaram Colony II: Rs 800 per sq.ft (2024)
• Thirunageswaram Colony Navidhar Street: Rs 800 per sq.ft (2024)
• Thirunavukarasar Salai: Rs 1,550 per sq.ft (2024)

Stamp duty and registration fee for property in Thatcha Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,550 per sq.ft, the total guideline value would be Rs 15,50,000. The stamp duty at 7% would amount to Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, making the total fees together Rs 1,39,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thatcha Lane?

The Sub Registrar Office that covers Thatcha Lane is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Thirunageswaram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the actual sale price of the property, which can affect the total costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Thatcha Lane?

The current guideline value of Thatcha Lane is Rs 1,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2023 to Rs 1,550 per sq.ft in 2024, an increase of 11%. It was Rs 938 per sq.ft in 2017 and Rs 1,400 per sq.ft in 2012.

What is the land classification for Thatcha Lane?

The land classification for Thatcha Lane is Residential Special Type - II.

Where can I find the Sub Registrar Office for Thatcha Lane?

The Sub Registrar Office for Thatcha Lane is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Thirunageswaram?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% applies to the guideline value.