Guideline Value for Thilagar Street (Kattabomman Block)

Thilagar Street (Kattabomman Block) guideline value

The current guideline value of Thilagar Street (Kattabomman Block) is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Thilagar Street (Kattabomman Block) has changed

The guideline value for Thilagar Street has undergone several revisions over the years. The 2007 revision set the value at Rs 1,210 per sq.ft, which saw a significant increase to Rs 4,500 per sq.ft in both the 2012 and 2023 revisions. Notably, there were no figures available for the years 2002, 2003, and 2017 in the register.

With the 2024 revision, the guideline value has risen to Rs 4,900 per sq.ft, marking a 9% increase from the 2023 figure of Rs 4,500 per sq.ft. Overall, from the 2007 revision to the present 2024 figure, there has been a substantial increase of 305%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, which matches the current value for Thilagar Street (Kattabomman Block).

• Thilagar Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Thirugnana Sambander Street: Rs 3,300 per sq.ft (2024)
• Thirumalai Street (Kodambakkam Salai): Rs 3,300 per sq.ft (2024)
• Thanthai Periyar Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Thirumurugan Street Block 93: Rs 2,700 per sq.ft (2024)
• Thiru Nagar Kambar Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thilagar Street (Kattabomman Block)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total cost to Rs 4,41,000. 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 detailed calculations.

Which Sub Registrar Office covers Thilagar Street (Kattabomman Block)?

The Sub Registrar Office that covers Thilagar Street (Kattabomman Block) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Kodambakkam, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

It is essential to consult the guideline value when planning a property transaction, as it can influence the overall costs and legal requirements. Buyers and sellers should ensure they are familiar with the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thilagar Street (Kattabomman Block)?

The current guideline value of Thilagar Street (Kattabomman Block) is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,210 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, representing an overall increase of 305% over the years.

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

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which Sub Registrar Office covers this area?

The Ashok Nagar Sub Registrar Office covers Thilagar Street (Kattabomman Block), located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Thilagar Street?

The land classification for Thilagar Street (Kattabomman Block) is Residential Class III Type - II.