Guideline Value for Thayar Saheb Street

Thayar Saheb Street guideline value

The current guideline value of Thayar Saheb Street is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO. The land classification for this street is Commercial Class I Type - II.

How the guideline value of Thayar Saheb Street has changed

The guideline value of Thayar Saheb Street has undergone several revisions over the years. In 2007, the guideline value was Rs 2,760 per sq.ft. This increased significantly to Rs 10,000 per sq.ft in 2012, marking a change of +262%. The value remained unchanged at Rs 10,000 per sq.ft in the 2023 revision. As of the 2024 revision, the guideline value has been set at Rs 11,000 per sq.ft, reflecting an increase of +10% from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2017 for this street. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by +299%.

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 Street's 2024 guideline value is above this median.

• Thayar Saheb Market Lane: Rs 7,700 per sq.ft (2024)
• Thayar Saheb 2nd Lane: Rs 7,700 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty is charged at 7%, totaling Rs 7,70,000, while the registration fee is charged at 2%, amounting to Rs 2,20,000. Together, these fees amount to Rs 9,90,000. 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 Thayar Saheb Street?

The Sub Registrar Office that covers Thayar Saheb Street 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 plays a crucial role during property registration in Triplicane. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on the current market conditions as reflected in the guideline values.

When buying or selling property, the guideline value is referenced to determine the official value of the property, which is essential for legal and financial transactions. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Thayar Saheb Street?

The current guideline value of Thayar Saheb Street is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,760 per sq.ft in 2007 to Rs 11,000 per sq.ft in 2024, marking an overall increase of +299% over the years.

What are the stamp duty and registration fees for properties in Thayar Saheb Street?

For a property with a guideline value of Rs 1,10,00,000, the stamp duty would be Rs 7,70,000 and the registration fee would be Rs 2,20,000, totaling Rs 9,90,000.

Which Sub Registrar Office covers Thayar Saheb Street?

The Triplicane Sub Registrar Office covers Thayar Saheb Street, located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014.

Are there any revisions with no figures for Thayar Saheb Street?

Yes, there are no figures available for the revisions in 2002, 2003, and 2017 for Thayar Saheb Street.