Guideline Value for Thatchoor Irular Colony 1st Cross Street

Thatchoor Irular Colony 1st Cross Street guideline value

The current guideline value for Thatchoor Irular Colony 1st Cross Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Panchetty village under the Redhills SRO, classified as Residential Class III Type - I.

How the guideline value of Thatchoor Irular Colony 1st Cross Street has changed

The guideline value for Thatchoor Irular Colony 1st Cross Street has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 300 per sq.ft in 2012. However, it dropped to Rs 201 per sq.ft in 2017. The 2023 revision maintained the value at Rs 300 per sq.ft, and the same value was retained in the 2024 revision, showing no change from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 50%. The significant changes include a 49% increase from 2017 to 2023, and a 50% increase from 2007 to 2012. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Panchetty

Panchetty village has 46 streets under the Redhills SRO carrying a 2024 guideline value ranging from Rs 300 to Rs 1,600 per sq.ft, with a median value of Rs 1,000 per sq.ft. The guideline value for Thatchoor Irular Colony 1st Cross Street is below this median.

• Thatchoor Irular Colony 2nd Cross Street: Rs 300 per sq.ft (2024)
• Thatchoor Irular Colony 3rd Cross Street: Rs 300 per sq.ft (2024)
• Thatchoor Irular Colony Eswaran Koil Street: Rs 300 per sq.ft (2024)
• Thatchoor Irular Colony Main Street: Rs 300 per sq.ft (2024)
• Thatchoor Mettu Street: Rs 300 per sq.ft (2024)
• Thatchoor School Salai: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Thatchoor Irular Colony 1st Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value would be Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thatchoor Irular Colony 1st Cross Street?

The Thatchoor Irular Colony 1st Cross Street falls under the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is an important factor during the registration of property transactions in Panchetty. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value will be used to determine the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value for Thatchoor Irular Colony 1st Cross Street?

The current guideline value for Thatchoor Irular Colony 1st Cross Street is Rs 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 200 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then it decreased to Rs 201 per sq.ft in 2017. The value remained at Rs 300 per sq.ft in both 2023 and 2024.

What is the registration office for Thatchoor Irular Colony 1st Cross Street?

The registration office for Thatchoor Irular Colony 1st Cross Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the stamp duty and registration fees for property transactions?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, for a 1,000 sq.ft plot at Rs 300 per sq.ft, the total fees would amount to Rs 27,000.

How is the guideline value determined for other streets in Panchetty?

The guideline value for other streets in Panchetty is determined by the Registration Department's guideline value register. The values vary from Rs 300 to Rs 1,600 per sq.ft, with a median of Rs 1,000 per sq.ft.