Guideline Value for Thayar Saheb 2nd Lane

Thayar Saheb 2nd Lane guideline value

The current guideline value of Thayar Saheb 2nd Lane is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Mixed Type - II land.

How the guideline value of Thayar Saheb 2nd Lane has changed

The guideline value for Thayar Saheb 2nd Lane has seen several revisions over the years. In 2007, the value was Rs 1,560 per sq.ft, which increased significantly to Rs 7,000 per sq.ft in 2012. However, this value dropped to Rs 4,690 per sq.ft in 2017 before rising again to Rs 7,000 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 7,700 per sq.ft.

From 2017 to 2023, there was a 49% increase, while the value rose by 10% from 2023 to 2024. Notably, the value increased by 349% from 2007 to 2012, and overall, from 2007 to 2024, the increase is 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, with 2024 guideline values ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value is Rs 6,600 per sq.ft, making the 2024 figure for Thayar Saheb 2nd Lane above this median.

• Thayar Saheb 1st 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 2nd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, making the total fees together Rs 6,93,000. Duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator to estimate your fees based on the property value.

Which Sub Registrar Office covers Thayar Saheb 2nd Lane?

The Sub Registrar Office that covers Thayar Saheb 2nd 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 information.

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

The guideline value is a crucial factor during property registration in Triplicane. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the legal value of the property, affecting the financial transactions involved. It is essential to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Thayar Saheb 2nd Lane?

The current guideline value of Thayar Saheb 2nd 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 significantly from Rs 1,560 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, with various increments and decrements in between.

What are the other streets with similar guideline values in Triplicane?

Other streets in Triplicane with similar guideline values include Thayar Saheb 1st Lane and Thayar Saheb Market Lane, both at Rs 7,700 per sq.ft in 2024.

What fees are associated with buying property in Thayar Saheb 2nd Lane?

When buying property in Thayar Saheb 2nd Lane, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Thayar Saheb 2nd Lane is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find more information by visiting the appropriate link.