Guideline Value for Thavasi Street

Thavasi Street guideline value

The current guideline value of Thavasi Street is Rs 1,001 per sq.ft, effective from 1 July 2024. This street is located in Menambedu village under the Ambattur SRO, classified as Residential Class IV Type - I.

How the guideline value of Thavasi Street has changed

The guideline value for Thavasi Street has undergone several revisions over the years. The earliest available figure is from 2012, where the value was Rs 800 per sq.ft. This increased to Rs 536 per sq.ft in 2017, followed by a significant rise to Rs 1,000 per sq.ft in 2023. The current figure, effective from 1 July 2024, is Rs 1,001 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007.

Between the revisions, the value changed as follows: from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value surged by 87%. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Menambedu

In Menambedu village, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median value for these streets is Rs 1,003 per sq.ft, placing Thavasi Street's 2024 figure below that median.

• Theradi Street: Rs 1,000 per sq.ft (2024)
• Thangakulam: Rs 1,001 per sq.ft (2024)
• Thirumalai Street: Rs 1,001 per sq.ft (2024)
• Thirunavukarasu Street: Rs 1,300 per sq.ft (2024)
• Sundarrajan Street: Rs 1,700 per sq.ft (2024)
• Sundaram Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thavasi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total cost to Rs 90,090. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Thavasi Street?

The Sub Registrar Office that covers Thavasi Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Menambedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is documented accurately. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thavasi Street?

The current guideline value of Thavasi Street is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thavasi Street has changed from Rs 800 per sq.ft in 2012 to Rs 1,001 per sq.ft in 2024, with various fluctuations in between.

What is the land classification of Thavasi Street?

Thavasi Street is classified as Residential Class IV Type - I, which indicates its suitability for residential development.

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

The Sub Registrar Office for Thavasi Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Thavasi Street?

The stamp duty for properties in Thavasi Street is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 70,070.