Guideline Value for Thilagar Street

Thilagar Street guideline value

The current guideline value of Thilagar Street in Selaiyur village is Rs 950 per sq.ft, effective from 1 July 2024. This street falls under the Selaiyur Sub Registrar Office (SRO) and is classified as Residential Class IV Type - II.

How the guideline value of Thilagar Street has changed

The guideline value of Thilagar Street has seen several revisions over the years. In the 2007 revision, the value was Rs 450 per sq.ft. This increased to Rs 900 per sq.ft in 2012, marking a 100% rise. However, it then decreased to Rs 603 per sq.ft in 2017, reflecting a 33% drop. The value then rose significantly to Rs 900 per sq.ft in 2023, and currently stands at Rs 950 per sq.ft in the 2024 revision, representing a 6% increase.

For the years 2002 and 2003, the register has no figure for Thilagar Street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 111%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, indicating that Thilagar Street's 2024 figure is below this median.

• Thennagaram Street: Rs 950 per sq.ft (2024)
• Thennagaram 3rd Street: Rs 950 per sq.ft (2024)
• Thennagaram 2nd Street: Rs 950 per sq.ft (2024)
• Thennagaram 1st Street: Rs 950 per sq.ft (2024)
• Thirumangai Mannan Street: Rs 3,500 per sq.ft (2024)
• Thirumazhisai Ist Main Road: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thilagar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value is Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, bringing the total fees together to Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thilagar Street?

The Sub Registrar Office that covers Thilagar Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during property registration in Selaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value impacts the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thilagar Street?

The current guideline value of Thilagar Street is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2007 to Rs 950 per sq.ft in 2024, reflecting an overall increase of 111% over the years.

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

For a property valued at Rs 9,50,000, the stamp duty would be Rs 66,500 and the registration fee would be Rs 19,000, totaling Rs 85,500.

Which office handles registrations for Thilagar Street?

The Selaiyur Sub Registrar Office handles registrations for Thilagar Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification for Thilagar Street?

Thilagar Street is classified as Residential Class IV Type - II, indicating its designation for residential use within the Selaiyur SRO.