Guideline Value for Thatchoor Irular Colony Eswaran Koil Street

Thatchoor Irular Colony Eswaran Koil Street guideline value

The current guideline value of Thatchoor Irular Colony Eswaran Koil 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 Eswaran Koil Street has changed

Since the 2007 revision, the guideline value has increased by 50%, from Rs 200 per sq.ft to Rs 300 per sq.ft in 2024. The 2012 revision also set the value at Rs 300 per sq.ft, while the 2017 revision saw a significant increase to Rs 201 per sq.ft, marking a 49% rise from the previous figure. There are no figures available for the years 2002 and 2003 in the register for this street.

In the 2023 revision, the guideline value remained at Rs 300 per sq.ft, showing no change from the previous year. The overall changes from 2007 to 2024 reflect a consistent increase, culminating in the current rate of Rs 300 per sq.ft.

Guideline values in Panchetty

Panchetty village has a range of guideline values across its 46 streets under the Redhills SRO, with figures varying from Rs 300 to Rs 1,600 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, placing the 2024 guideline value of Thatchoor Irular Colony Eswaran Koil Street below this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the 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, totaling Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thatchoor Irular Colony Eswaran Koil Street?

The Thatchoor Irular Colony Eswaran Koil Street is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Panchetty. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential for buyers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thatchoor Irular Colony Eswaran Koil Street?

The current guideline value of Thatchoor Irular Colony Eswaran Koil 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 seen various changes, with the most recent revision in 2024 maintaining the value at Rs 300 per sq.ft. From 2007 to 2024, the overall increase has been 50%.

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

For a property valued at Rs 3,00,000, the stamp duty is Rs 21,000 and the registration fee is Rs 6,000, totaling Rs 27,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for this street?

The Redhills Sub Registrar Office is responsible for handling registrations for Thatchoor Irular Colony Eswaran Koil Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the range of guideline values for other streets in Panchetty?

The guideline values for other streets in Panchetty range from Rs 300 to Rs 1,600 per sq.ft, with a median value of Rs 1,000 per sq.ft. Thatchoor Irular Colony Eswaran Koil Street's value is below this median.