Guideline Value for Thilagar Avenue 4th Street

Thilagar Avenue 4th Street guideline value

The current guideline value of Thilagar Avenue 4th Street is Rs 3,300 per sq.ft. This street is located in Madipakkam-1 village under the Velacheri SRO, classified as Residential Class I Type - II.

How the guideline value of Thilagar Avenue 4th Street has changed

The guideline value for Thilagar Avenue 4th Street has undergone several revisions over the years. The latest revision in 2024 set the value at Rs 3,300 per sq.ft, which reflects a 10% increase from Rs 3,000 per sq.ft in the 2023 revision. Prior to these revisions, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

In the 2023 revision, the guideline value was Rs 3,000 per sq.ft. The earlier revisions do not have any recorded figures for this street, indicating that the value has only been established in recent years.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, making the value of Thilagar Avenue 4th Street above this median.

• Thilagar Avenue 4th Cross Street: Rs 3,300 per sq.ft (2024)
• Thilagar Avenue 5th cross Street: Rs 3,300 per sq.ft (2024)
• Thilagar Avenue 3rd Street: Rs 3,300 per sq.ft (2024)
• Thilagar Avenue 5th Street: Rs 3,300 per sq.ft (2024)
• Thilagar Avenue 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• Thilagar Avenue 6th Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thilagar Avenue 4th Street

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, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thilagar Avenue 4th Street?

The Thilagar Avenue 4th Street falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Madipakkam-1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the appropriate stamp duty and registration fees are calculated based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property, which can influence negotiations and final sale prices. It is essential to refer to the latest guideline value to ensure compliance with local regulations during the property transaction process.

Frequently asked questions

What is the current guideline value of Thilagar Avenue 4th Street?

The current guideline value of Thilagar Avenue 4th Street is Rs 3,300 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values for other streets in Madipakkam-1?

Other streets in Madipakkam-1 have a guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median of Rs 2,750 per sq.ft. Thilagar Avenue 4th Street's value is above this median.

What are the stamp duty and registration fees for properties in Thilagar Avenue 4th Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 33,00,000, the total stamp duty and registration fees would amount to Rs 2,97,000.

Which office handles property registrations for Thilagar Avenue 4th Street?

The Velacheri Sub Registrar Office handles property registrations for Thilagar Avenue 4th Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.