Guideline Value for Thiruthangal Nagar 4th Street

Thiruthangal Nagar 4th Street guideline value

The current guideline value of Thiruthangal Nagar 4th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Selavoyal village under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Thiruthangal Nagar 4th Street has changed

The guideline value for Thiruthangal Nagar 4th Street has undergone several revisions over the years. The earliest recorded revision was in 2012, with a guideline value of Rs 1,800 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in 2017. However, there was a significant increase to Rs 2,000 per sq.ft in the 2023 revision, and the latest revision in 2024 raised it further to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between the revisions show a 49% increase from 2017 to 2023, while there was a decrease of 26% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 22%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Selavoyal

In Selavoyal village, there are a total of 170 streets under the Madhavaram SRO, with 2024 guideline values ranging from Rs 1,900 to Rs 3,300 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which is equal to the current value of Thiruthangal Nagar 4th Street.

• Thiruthangal Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Thiruthangal Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Thiruthangal Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Thiruthangal Nagar Extension: Rs 2,200 per sq.ft (2024)
• Thiruthangal Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Thiruthangal Nagar Main Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruthangal Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total 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, bringing the total to Rs 1,98,000. It is important to note that 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 Thiruthangal Nagar 4th Street?

The Sub Registrar Office that covers Thiruthangal Nagar 4th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Selavoyal. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with the registration requirements.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Thiruthangal Nagar 4th Street?

The current guideline value of Thiruthangal Nagar 4th 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 from Rs 1,800 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification of Thiruthangal Nagar 4th Street?

Thiruthangal Nagar 4th Street is classified as Residential Class II Type - I.