Guideline Value for Thilagar Avenue 9th Cross Street

Thilagar Avenue 9th Cross Street guideline value

The current guideline value of Thilagar Avenue 9th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. 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 9th Cross Street has changed

The guideline value for Thilagar Avenue 9th Cross Street has seen several revisions over the years. The 2017 revision set the value at Rs 2,010 per sq.ft, which increased to Rs 3,000 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2017 to 2024, it has risen by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO with a guideline value range from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,750 per sq.ft, making the 2024 guideline value for Thilagar Avenue 9th Cross Street above this median.

• Thilagar Avenue 8th Street: Rs 3,300 per sq.ft (2024)
• Thilagar Avenue 9th Street: Rs 3,300 per sq.ft (2024)
• Thilagar Avenue 8th Cross Street: Rs 3,300 per sq.ft (2024)
• Thilagar AvenueAndavar Street: Rs 3,300 per sq.ft (2024)
• Thilagar Avenue 7th Street: Rs 3,300 per sq.ft (2024)
• Thilagar Avenue,Balaiah Gardern,: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Thilagar Avenue 9th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be 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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thilagar Avenue 9th Cross Street?

The Sub Registrar Office that covers Thilagar Avenue 9th Cross Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Madipakkam-1. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and consistency in property dealings.

When buying or selling property, the guideline value is used to calculate 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 values.

Frequently asked questions

What is the current guideline value of Thilagar Avenue 9th Cross Street?

The current guideline value of Thilagar Avenue 9th Cross Street 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 increased from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, which is a total increase of 64% over these years.

What is the median guideline value in Madipakkam-1?

The median guideline value in Madipakkam-1 is Rs 2,750 per sq.ft, with Thilagar Avenue 9th Cross Street's value being above this median.

What are the stamp duty rates for properties in Thilagar Avenue 9th Cross Street?

The stamp duty for properties in Thilagar Avenue 9th Cross Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Thilagar Avenue 9th Cross Street located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.