Guideline Value for Thilagar Street

Thilagar Street guideline value

The current guideline value of Thilagar Street is Rs 2,200 per sq.ft, effective from the 2024 revision. This street is located in Ullagaram village, under the Alandur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Thilagar Street has changed

The guideline value for Thilagar Street has seen several revisions over the years. The earliest recorded value in 2002 was Rs 258 per sq.ft, which increased to Rs 289 per sq.ft in 2003. This was followed by a significant rise to Rs 1,000 per sq.ft in 2007, and then it further increased to Rs 2,000 per sq.ft in 2012. However, there was a decrease to Rs 1,340 per sq.ft in 2017, before rising again to Rs 2,000 per sq.ft in 2023, and finally reaching Rs 2,200 per sq.ft in the 2024 revision.

Between the revisions, notable changes include a 246% increase from 2003 to 2007, a 100% increase from 2007 to 2012, and a 49% increase from 2017 to 2023. Overall, from 2002 to 2024, the guideline value has increased by 753%.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO with a 2024 guideline value range from Rs 1,700 to Rs 5,500 per sq.ft. The median value is Rs 2,800 per sq.ft, placing Thilagar Street's 2024 figure below this median.

• Thangavel Street Extension: Rs 2,800 per sq.ft (2024)
• Thangavel Avenue: Rs 2,800 per sq.ft (2024)
• Thamos Nagar Main: Rs 3,900 per sq.ft (2024)
• Thamos Nagar Cross Street: Rs 2,800 per sq.ft (2024)
• Thiruvalluvar Street: Rs 2,800 per sq.ft (2024)
• Thomas Nagar Main Road: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thilagar Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thilagar Street?

The Sub Registrar Office covering Thilagar Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Ullagaram. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of a property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value serves as a reference point for calculating the fees. It is crucial to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thilagar Street?

The current guideline value of Thilagar Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting at Rs 258 per sq.ft in 2002 and reaching Rs 2,200 per sq.ft in 2024, marking an overall increase of 753%.

What are the other streets in Ullagaram with their guideline values?

Other streets in Ullagaram have varying guideline values, with rates ranging from Rs 1,700 to Rs 5,500 per sq.ft. For example, Thangavel Street Extension and Thangavel Avenue both have a guideline value of Rs 2,800 per sq.ft in 2024.

What fees are associated with buying property on Thilagar Street?

When purchasing property on Thilagar Street, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Thilagar Street located?

The Sub Registrar Office for Thilagar Street is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.