Guideline Value for Thennagaram 3rd Street

Thennagaram 3rd Street guideline value

The current guideline value of Thennagaram 3rd 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 3rd Street has changed

The guideline value for Thennagaram 3rd Street has seen several revisions over the years. The 2007 revision set the value at Rs 400 per sq.ft, which increased significantly to Rs 900 per sq.ft in 2012, marking a rise of 125%. However, the value then decreased to Rs 603 per sq.ft in 2017, a drop of 33%. The subsequent revision in 2023 raised it to Rs 900 per sq.ft, and the latest revision in 2024 has further increased it to Rs 950 per sq.ft, reflecting a change of 6% from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 138%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, indicating that Thennagaram 3rd Street's 2024 figure is below this median.

• Thennagaram 2nd Street: Rs 950 per sq.ft (2024)
• Thennagaram Street: Rs 950 per sq.ft (2024)
• Thennagaram 1st 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total 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, bringing the total fees to Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thennagaram 3rd Street?

The Sub Registrar Office that covers Thennagaram 3rd Street is 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 information.

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

The guideline value plays a crucial role in the property registration process in Selaiyur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the transaction is documented accurately and complies with local regulations.

When a buyer or seller engages in a property transaction, the guideline value is referenced to calculate the applicable fees. This helps maintain transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value of Thennagaram 3rd Street?

The current guideline value of Thennagaram 3rd 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 several times, starting from Rs 400 per sq.ft in 2007 to Rs 950 per sq.ft in 2024, which is an overall increase of 138%.

What are the stamp duty rates for properties in Thennagaram 3rd Street?

The stamp duty for properties in Thennagaram 3rd Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Thennagaram 3rd Street located?

The Sub Registrar Office for Thennagaram 3rd Street is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

What is the land classification for Thennagaram 3rd Street?

Thennagaram 3rd Street is classified as Residential Class IV Type - II, indicating its designated use for residential purposes.