Guideline Value for Thennagaram Street

Thennagaram Street guideline value

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

How the guideline value of Thennagaram Street has changed

Over the years, the guideline value of Thennagaram Street has seen several revisions. The 2007 revision set the value at Rs 400 per sq.ft, which increased significantly to Rs 900 per sq.ft in the 2012 revision, marking a 125% rise. However, this value decreased to Rs 603 per sq.ft in the 2017 revision, a drop of 33%. The 2023 revision brought the value back up to Rs 900 per sq.ft, and the latest revision in 2024 has further increased it to Rs 950 per sq.ft, reflecting a 6% increase from the previous year.

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

Guideline values in Selaiyur

In Selaiyur village, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, indicating that Thennagaram Street's 2024 figure is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty at 7% would amount to Rs 66,500, and the registration fee at 2% would be Rs 19,000, bringing the total cost 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 details.

Which Sub Registrar Office covers Thennagaram Street?

The Sub Registrar Office that covers Thennagaram 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 information.

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

The guideline value is a crucial factor when registering property in Selaiyur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point to ascertain the transaction's legitimacy and compliance with legal requirements. Buyers and sellers should be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thennagaram Street?

The current guideline value of Thennagaram 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, reflecting an overall increase of 138% over these years.

What is the land classification of Thennagaram Street?

Thennagaram Street is classified as Residential Class IV Type - II under the Selaiyur SRO.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in Thennagaram Street?

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