Guideline Value for Thendulkar Street

Thendulkar Street guideline value

The current guideline value of Thendulkar Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Thendulkar Street has changed

The guideline value for Thendulkar Street has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 2,000 per sq.ft, and it increased by 10% to Rs 2,200 per sq.ft in the 2024 revision.

This change reflects a significant increase from the previous year. The 2024 figure is below the median guideline value of Rs 2,750 per sq.ft for the 1,823 streets in Madipakkam-1 under the Velacheri SRO.

Guideline values in Madipakkam-1

The guideline values for Madipakkam-1 range from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft. Thendulkar Street's 2024 guideline value of Rs 2,200 per sq.ft is below this median.

• Thilagar Avenue: Rs 3,300 per sq.ft (2024)
• Thilagar Avenue 10th Cross Street: Rs 3,300 per sq.ft (2024)
• Thilagar Avenue 11th Cross Street: Rs 3,300 per sq.ft (2024)
• Thilagar Avenue 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Thilagar Avenue 1st Main Road: Rs 3,300 per sq.ft (2024)
• Thilagar Avenue 2nd Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thendulkar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making a total of Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Thendulkar Street?

The Sub Registrar Office covering Thendulkar Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value plays a crucial role in the registration process of property transactions in Madipakkam-1. It is the basis on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value must be considered, as it may influence the final sale price and the associated costs. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Thendulkar Street?

The current guideline value of Thendulkar Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thendulkar Street was Rs 2,000 per sq.ft in 2023 and increased by 10% to Rs 2,200 per sq.ft in 2024. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Madipakkam-1?

The median guideline value in Madipakkam-1 is Rs 2,750 per sq.ft. Thendulkar Street's 2024 guideline value is below this median.

What are the stamp duty and registration fees for Thendulkar Street?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 22,00,000. The stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Thendulkar Street?

The Velacheri Sub Registrar Office handles registrations for Thendulkar Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.