Guideline Value for Thennagaram 2nd Street

Thennagaram 2nd Street guideline value

The current guideline value of Thennagaram 2nd Street is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Thennagaram 2nd Street has changed

The guideline value for Thennagaram 2nd Street has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 900 per sq.ft in 2012. However, there was a decrease to Rs 603 per sq.ft in 2017. The value then rose to Rs 900 per sq.ft in 2023, before reaching the current figure of Rs 950 per sq.ft in 2024, reflecting a 6% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 138%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with 2024 guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median value is Rs 2,200 per sq.ft, which means that Thennagaram 2nd Street's 2024 figure is below this median.

• Thennagaram 1st Street: Rs 950 per sq.ft (2024)
• Thennagaram 3rd Street: Rs 950 per sq.ft (2024)
• Thennagaram Street: Rs 950 per sq.ft (2024)
• Thilagar Street: Rs 950 per sq.ft (2024)
• Tejraj colony: Rs 1,300 per sq.ft (2024)
• Thirumangai Mannan Street: Rs 3,500 per sq.ft (2024)

Stamp duty and registration fee for property in Thennagaram 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 950 per sq.ft, the guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, totaling Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thennagaram 2nd Street?

The Sub Registrar Office that covers Thennagaram 2nd Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Selaiyur. It serves as a benchmark for determining the minimum value of property for registration purposes, ensuring transparency in the real estate market.

When you buy or sell property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions based on the established guideline value.

Frequently asked questions

What is the current guideline value of Thennagaram 2nd Street?

The current guideline value of Thennagaram 2nd Street is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 950 per sq.ft in 2024, showing an overall increase of 138% over the years.

What is the land classification of Thennagaram 2nd Street?

Thennagaram 2nd Street is classified as Residential Class IV Type - II.

Where can I find the Sub Registrar Office for Thennagaram 2nd Street?

The Sub Registrar Office for Thennagaram 2nd Street is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Thennagaram 2nd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 9,50,000 would incur a stamp duty of Rs 66,500 at 7%.