Guideline Value for Thatchoor Irular Colony 2nd Cross Street

Thatchoor Irular Colony 2nd Cross Street guideline value

The current guideline value of Thatchoor Irular Colony 2nd Cross Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Panchetty village under the Redhills SRO and is classified as Residential Class III Type - I.

How the guideline value of Thatchoor Irular Colony 2nd Cross Street has changed

The guideline value for Thatchoor Irular Colony 2nd Cross Street has undergone several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 200 per sq.ft. This increased to Rs 300 per sq.ft in 2012, then decreased to Rs 201 per sq.ft in 2017. The value remained at Rs 300 per sq.ft from 2017 until the 2024 revision.

From 2017 to 2023, the guideline value saw an increase of 49%. The value remained unchanged from 2023 to 2024, maintaining the rate of Rs 300 per sq.ft. Notably, there are no figures available in the register for the years 2002 and 2003 for this street.

Guideline values in Panchetty

Panchetty village has a range of guideline values across its 46 streets under the Redhills SRO, with values ranging from Rs 300 to Rs 1,600 per sq.ft. The median guideline value in this area is Rs 1,000 per sq.ft, placing Thatchoor Irular Colony 2nd Cross Street's 2024 figure below that median.

• Thatchoor Irular Colony 1st 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 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to 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 fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thatchoor Irular Colony 2nd Cross Street?

The Sub Registrar Office that covers Thatchoor Irular Colony 2nd Cross Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Panchetty. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state collects adequate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable fees. Buyers should be aware that the duty is assessed on the higher of the guideline value or the sale price, which can affect the total costs involved in the transaction.

Frequently asked questions

What is the current guideline value for Thatchoor Irular Colony 2nd Cross Street?

The current guideline value for Thatchoor Irular Colony 2nd 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 decreased to Rs 201 per sq.ft in 2017. It remained at Rs 300 per sq.ft from 2017 to 2024.

What are the other streets in Panchetty with the same guideline value?

Other streets in Panchetty with the same guideline value of Rs 300 per sq.ft include Thatchoor Irular Colony 1st Cross Street, Thatchoor Irular Colony 3rd Cross Street, Thatchoor Irular Colony Eswaran Koil Street, Thatchoor Irular Colony Main Street, and Thatchoor Mettu Street.

What is the registration fee for a property in Thatchoor Irular Colony 2nd Cross Street?

The registration fee for a property is calculated based on the guideline value. For a property valued at Rs 3,00,000, the registration fee at 2% would be Rs 6,000.

Where can I find the Sub Registrar Office for Thatchoor Irular Colony 2nd Cross Street?

The Sub Registrar Office for Thatchoor Irular Colony 2nd Cross Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.