Guideline Value for Thilakar Avenue

Thilakar Avenue guideline value

The current guideline value of Thilakar Avenue is Rs 1,000 per sq.ft. This street is located in Athur B Block village, under the Chengleput Joint II SRO, and is classified as Mixed Type - I land.

How the guideline value of Thilakar Avenue has changed

Since the 2007 revision, the guideline value of Thilakar Avenue has seen significant changes. In 2007, the guideline value was Rs 130 per sq.ft. This increased to Rs 600 per sq.ft in 2012, marking a 362% rise. However, from 2012 to 2017, there was a decrease of 33%, bringing the value down to Rs 402 per sq.ft. The value then surged by 149% to Rs 1,000 per sq.ft in the 2023 revision, and it remained unchanged in the 2024 revision.

The guideline value has consistently been Rs 1,000 per sq.ft since the 2023 revision, reflecting stability in the recent years. Overall, from 2007 to 2024, the guideline value has increased by 669%.

Guideline values in Athur B Block

Athur B Block has a total of 79 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 268 to Rs 1,525 per sq.ft as of 2024. The median guideline value for these streets is Rs 700 per sq.ft, positioning Thilakar Avenue's value above this median.

• Thendral Nagar: Rs 700 per sq.ft (2024)
• Vaibhav Gardens: Rs 700 per sq.ft (2024)
• Vaibhav Lakshmi Nagar: Rs 700 per sq.ft (2024)
• Sri Vignesh Co-Op Nagar: Rs 500 per sq.ft (2024)
• Vaishnaiv Nagar: Rs 700 per sq.ft (2024)
• Sri Srnivasa Avenue: Rs 1,344 per sq.ft (2024)

Stamp duty and registration fee for property in Thilakar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thilakar Avenue?

The Sub Registrar Office that covers Thilakar Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value plays a crucial role during the registration of property transactions in Athur B Block. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in the process.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for completing the transaction. This ensures that both buyers and sellers are aware of the financial obligations involved in the property transfer.

Frequently asked questions

What is the current guideline value of Thilakar Avenue?

The current guideline value of Thilakar Avenue is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 130 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, reflecting an overall increase of 669% over this period.

What is the land classification of Thilakar Avenue?

Thilakar Avenue is classified as Mixed Type - I land according to the registration records.

What are the stamp duty and registration fees for property in Thilakar Avenue?

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Where is the Sub Registrar Office for Thilakar Avenue located?

The Chengleput Joint II Sub Registrar Office, which covers Thilakar Avenue, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.