Guideline Value for Thirumalai Raja Street

Thirumalai Raja Street guideline value

The current guideline value of Thirumalai Raja Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village, under the AnnaNagar SRO, and is classified as Residential Class I Type - III.

How the guideline value of Thirumalai Raja Street has changed

The guideline value for Thirumalai Raja Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,200 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 275%. However, between 2012 and 2017, the value decreased to Rs 3,015 per sq.ft, representing a decline of 33%. The next revision in 2023 saw the value increase to Rs 4,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 4,900 per sq.ft, reflecting a 9% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 308%.

Guideline values in Ayanavaram

Ayanavaram consists of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, which is the same as the current value for Thirumalai Raja Street.

• Thirumalai Raja Lane: Rs 4,900 per sq.ft (2024)
• Thirupacheeswaran street: Rs 4,900 per sq.ft (2024)
• Thiruvalluar NagarAnna Cross Street: Rs 4,900 per sq.ft (2024)
• Thiruvalluar NagarAnna Street: Rs 4,900 per sq.ft (2024)
• Thiruvalluar NagarKamaraj street: Rs 4,900 per sq.ft (2024)
• Thiruvalluar Nagar Solai Amman koil street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalai Raja Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, resulting in a total of Rs 4,41,000. 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 calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumalai Raja Street?

The Sub Registrar Office that covers Thirumalai Raja Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

When buying or selling property in Ayanavaram, the guideline value plays a crucial role in determining the stamp duty and registration fees applicable to the transaction. The guideline value is used as a benchmark for calculating these fees, ensuring that they are based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly affect the overall cost of the transaction. Understanding these values helps in making informed decisions during the property buying or selling process.

Frequently asked questions

What is the current guideline value of Thirumalai Raja Street?

The current guideline value of Thirumalai Raja Street 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 1,200 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 308% over the years.

What are the other streets with the same guideline value in Ayanavaram?

Other streets in Ayanavaram with the same guideline value of Rs 4,900 per sq.ft include Thirumalai Raja Lane, Thirupacheeswaran street, Thiruvalluar NagarAnna Cross Street, Thiruvalluar NagarAnna Street, Thiruvalluar NagarKamaraj street, and Thiruvalluar Nagar Solai Amman koil street.

Where is the Sub Registrar Office for Thirumalai Raja Street located?

The Sub Registrar Office for Thirumalai Raja Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Thirumalai Raja Street?

Stamp duty for properties in Thirumalai Raja Street is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 3,43,000.