Guideline Value for Thayar Saheb 1st Lane

Thayar Saheb 1st Lane guideline value

The current guideline value of Thayar Saheb 1st Lane is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, with a land classification of Mixed Type - II.

How the guideline value of Thayar Saheb 1st Lane has changed

The guideline value for Thayar Saheb 1st Lane has seen several revisions over the years. The 2007 revision recorded a value of Rs 1,560 per sq.ft, which increased significantly to Rs 7,000 per sq.ft in 2012. However, this figure dropped to Rs 4,690 per sq.ft in the 2017 revision. The 2023 revision then raised it to Rs 7,000 per sq.ft, and the most recent 2024 revision set it at Rs 7,700 per sq.ft.

In terms of percentage changes, the value increased by 349% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023, followed by a 10% increase from 2023 to 2024. The overall change from 2007 to 2024 is an increase of 394%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO carrying a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value is Rs 6,600 per sq.ft, placing Thayar Saheb 1st Lane above this median.

• Thayar Saheb 2nd Lane: Rs 7,700 per sq.ft (2024)
• Thayar Saheb Market Lane: Rs 7,700 per sq.ft (2024)
• Thayar Saheb Street: Rs 11,000 per sq.ft (2024)
• Theetharappa Mudali Street: Rs 6,600 per sq.ft (2024)
• Thanikachalam Street: Rs 5,500 per sq.ft (2024)
• Thangavel Vaidyar Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Thayar Saheb 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, leading to a total of Rs 6,93,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thayar Saheb 1st Lane?

The Sub Registrar Office that covers Thayar Saheb 1st Lane is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Thayar Saheb 1st Lane?

The current guideline value of Thayar Saheb 1st Lane is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,560 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 394% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Which Sub Registrar Office handles registrations for Thayar Saheb 1st Lane?

The Triplicane Sub Registrar Office handles registrations for Thayar Saheb 1st Lane, located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014.

What is the land classification of Thayar Saheb 1st Lane?

Thayar Saheb 1st Lane has a land classification of Mixed Type - II, indicating a blend of residential and commercial uses in the area.