Guideline Value for Thatchoor Irular Colony Main Street

Thatchoor Irular Colony Main Street guideline value

The current guideline value of Thatchoor Irular Colony Main Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Panchetty village, under the Redhills Sub Registrar Office (SRO) jurisdiction. The land classification for this area is Residential Class III Type - I.

How the guideline value of Thatchoor Irular Colony Main Street has changed

The guideline value for Thatchoor Irular Colony Main Street has undergone 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, this figure remained unchanged until the next revision in 2017, where it rose significantly by 49% to Rs 201 per sq.ft. The value then remained at Rs 300 per sq.ft during the 2023 revision, and it has been confirmed to stay the same in the 2024 revision, reflecting a 0% change from the previous year.

The revisions for the years 2002 and 2003 do not have any figures listed for this street. Overall, from 2007 to 2024, the guideline value has increased by 50%.

Guideline values in Panchetty

Panchetty village has 46 streets under the Redhills SRO with 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. Thatchoor Irular Colony Main Street's 2024 figure is below this median.

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

Stamp duty and registration fee for property in Thatchoor Irular Colony Main 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, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thatchoor Irular Colony Main Street?

The Thatchoor Irular Colony Main Street falls under the jurisdiction of the Redhills Sub Registrar Office. The office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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 serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the actual sale price. The higher of the two values is used to calculate 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 Thatchoor Irular Colony Main Street?

The current guideline value of Thatchoor Irular Colony Main 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 multiple times, with the most recent revision in 2024 maintaining the value at Rs 300 per sq.ft. The value was Rs 201 per sq.ft in 2017, and it increased to Rs 300 per sq.ft in 2012.

What is the land classification for Thatchoor Irular Colony Main Street?

The land classification for Thatchoor Irular Colony Main Street is Residential Class III Type - I.

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

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot at the current guideline value would incur a total cost of Rs 27,000 in duties and fees.

Which office handles registrations for Thatchoor Irular Colony Main Street?

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