Guideline Value for Thennamarathan Thottam marathan Thottam, Chennai 12

Thennamarathan Thottam marathan Thottam, Chennai 12 guideline value

The current guideline value of Thennamarathan Thottam marathan Thottam, Chennai 12 is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this street is Residential Class II Type - II.

How the guideline value of Thennamarathan Thottam marathan Thottam, Chennai 12 has changed

The guideline value for Thennamarathan Thottam marathan Thottam has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 2,400 per sq.ft. In 2012, the value increased to Rs 3,000 per sq.ft, but then decreased to Rs 2,010 per sq.ft in 2017. Following this, the value rose significantly to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%. The change from 2012 to 2017 was a decrease of 33%. The value increased by 25% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 38%.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values for 2024 ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, making the current figure for Thennamarathan Thottam marathan Thottam below that median.

• Thanthai Periyar Nagar: Rs 3,300 per sq.ft (2024)
• Thirumalai Raja Lane: Rs 4,900 per sq.ft (2024)
• Thirumalai Raja Street: Rs 4,900 per sq.ft (2024)
• Thalamuthu Street: Rs 3,300 per sq.ft (2024)
• Thirupacheeswaran street: Rs 4,900 per sq.ft (2024)
• T.B. Hospital: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thennamarathan Thottam marathan Thottam, Chennai 12

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that 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 Thennamarathan Thottam marathan Thottam, Chennai 12?

The Sub Registrar Office that covers Thennamarathan Thottam marathan Thottam is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations and to accurately calculate the costs involved in the property transfer.

When a property is sold, the guideline value is used to assess the stamp duty, which is charged at a percentage of either the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the official valuation of the property in question.

Frequently asked questions

What is the current guideline value of Thennamarathan Thottam marathan Thottam?

The current guideline value of Thennamarathan Thottam marathan Thottam is Rs 3,300 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 2,400 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024. The most significant increase was 49% from 2017 to 2023.

What is the median guideline value in Ayanavaram?

The median guideline value in Ayanavaram is Rs 4,900 per sq.ft, which is higher than the current value for Thennamarathan Thottam marathan Thottam.

What are the stamp duty rates applicable in Ayanavaram?

The stamp duty rates in Ayanavaram are typically 7% of the guideline value or sale price, whichever is higher, along with a registration fee of 2%.

Where can I find the Sub Registrar Office for Thennamarathan Thottam marathan Thottam?

The Sub Registrar Office for Thennamarathan Thottam marathan Thottam is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.