Guideline Value for Thayar Saheb Market Lane

Thayar Saheb Market Lane guideline value

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

How the guideline value of Thayar Saheb Market Lane has changed

The guideline value for Thayar Saheb Market Lane has undergone several revisions over the years. The 2012 revision set the value at Rs 7,000 per sq.ft, which then decreased to Rs 4,690 per sq.ft in the 2017 revision. This was a decline of 33%. The value increased significantly in the 2023 revision to Rs 7,000 per sq.ft, followed by a further increase to Rs 7,700 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft, with a median value of Rs 6,600 per sq.ft. Thayar Saheb Market Lane's 2024 guideline value is above this median.

• Thayar Saheb 2nd Lane: Rs 7,700 per sq.ft (2024)
• Thayar Saheb Street: Rs 11,000 per sq.ft (2024)
• Thayar Saheb 1st Lane: Rs 7,700 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 Market 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 be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, making the total charges Rs 6,93,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thayar Saheb Market Lane?

The Thayar Saheb Market Lane is covered by 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 critical factor during the registration of property transactions in Triplicane. It serves as a benchmark for determining the applicable stamp duty and registration fees, which are calculated based on this value.

When buying or selling a property, the guideline value helps ensure that the transaction is recorded accurately and fairly in the official registry. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thayar Saheb Market Lane?

The current guideline value of Thayar Saheb Market 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 7,000 per sq.ft in 2012 to Rs 4,690 per sq.ft in 2017, then increased to Rs 7,000 per sq.ft in 2023, and finally to Rs 7,700 per sq.ft in 2024.

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 transactions for Thayar Saheb Market Lane?

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

What is the land classification of Thayar Saheb Market Lane?

Thayar Saheb Market Lane is classified as Mixed Type - II under the current land classification system.