Guideline Value for Thilagar St, Ponniammanmedu (Ward-22)

Thilagar St, Ponniammanmedu (Ward-22) guideline value

The current guideline value of Thilagar St, Ponniammanmedu (Ward-22) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Thilagar St, Ponniammanmedu (Ward-22) has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure decreased to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to the upcoming 2024 revision, the guideline value has increased significantly by 62%, bringing it to Rs 1,300 per sq.ft.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a slight increase of 8%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value, ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, indicating that Thilagar St, Ponniammanmedu's 2024 figure is below this median.

• Thilagar St, Lakshmipuram (Ward-25): Rs 1,300 per sq.ft (2024)
• Thilagar St 2nd st (Ward No.28): Rs 1,300 per sq.ft (2024)
• Thilagar St 1st st (Ward No.28): Rs 1,300 per sq.ft (2024)
• Thilagar Street (Ponniamman Medu): Rs 1,300 per sq.ft (2024)
• Thilagar St (Ward-28): Rs 1,300 per sq.ft (2024)
• Thilagar St (Ward No.1): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thilagar St, Ponniammanmedu (Ward-22)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost together to Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thilagar St, Ponniammanmedu (Ward-22)?

The Sub Registrar Office that covers Thilagar St, Ponniammanmedu (Ward-22) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is compliant with local regulations. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the property transaction.

Frequently asked questions

What is the current guideline value of Thilagar St, Ponniammanmedu (Ward-22)?

The current guideline value of Thilagar St, Ponniammanmedu (Ward-22) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then increased to Rs 1,300 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 8%.

What is the land classification for Thilagar St, Ponniammanmedu (Ward-22)?

Thilagar St, Ponniammanmedu (Ward-22) is classified as Residential Class III Type - I. This classification is important for understanding the type of development allowed in the area.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Thilagar St, Ponniammanmedu (Ward-22) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 13,00,000, the stamp duty would be 7% of that amount.