Guideline Value for Thatcha Street

Thatcha Street guideline value

The current guideline value of Thatcha Street in Thirunageswaram village is Rs 1,550 per sq.ft, effective from 1 July 2024. This street falls under the Kunrathur SRO and is classified as Residential Special Type - II.

How the guideline value of Thatcha Street has changed

The guideline value for Thatcha Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which was then reduced to Rs 938 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,400 per sq.ft, and the latest 2024 revision has raised it further to Rs 1,550 per sq.ft, marking an increase of 11% from the previous year.

In summary, from the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 11%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirunageswaram

In Thirunageswaram, there are 105 streets under the Kunrathur SRO, with 2024 guideline values ranging from Rs 800 to Rs 2,000 per sq.ft. The median value is Rs 1,550 per sq.ft, which is the same as the guideline value for Thatcha Street.

• Thatcha Lane: 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 Street

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 be Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, bringing the total cost to Rs 1,39,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thatcha Street?

The Sub Registrar Office that covers Thatcha Street 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 buying or selling property in Thirunageswaram. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers should be aware that the guideline value serves as a benchmark for the transaction value.

When a property is registered, the higher value between the guideline value and the sale price is considered for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thatcha Street?

The current guideline value of Thatcha Street 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 2012 to Rs 938 per sq.ft in 2017, then to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,550 per sq.ft in 2024.

What is the land classification for Thatcha Street?

Thatcha Street is classified as Residential Special Type - II under the land classification system.

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

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

How is stamp duty calculated for properties in Thirunageswaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 15,50,000 would incur a stamp duty of Rs 1,08,500 at 7%.