Guideline Value for Thiyagaraya Nagar 2nd Street

Thiyagaraya Nagar 2nd Street guideline value

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

How the guideline value of Thiyagaraya Nagar 2nd Street has changed

The guideline value for Thiyagaraya Nagar 2nd Street has undergone revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft. The most recent 2024 revision increased this to Rs 2,200 per sq.ft, marking a change of +10% from the previous figure.

There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 in the register for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a guideline value for 2024, ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, placing Thiyagaraya Nagar 2nd Street's 2024 figure below that median.

• Thiyagaraya Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Thiyagarayar Street: Rs 2,200 per sq.ft (2024)
• Tholkappiar Street: Rs 2,200 per sq.ft (2024)
• Thoppai Vinayagar Koil Street: Rs 2,200 per sq.ft (2024)
• T.H. Road 1st Lane: Rs 2,700 per sq.ft (2024)
• T.H. Road 2nd Lane: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thiyagaraya Nagar 2nd 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, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thiyagaraya Nagar 2nd Street?

The Sub Registrar Office that covers Thiyagaraya Nagar 2nd 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 Kodungaiyur

The guideline value is a crucial factor during the registration of property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When buyers and sellers engage in a transaction, the guideline value helps ensure that the fees are calculated fairly based on the property's assessed value, providing a transparent basis for all parties involved.

Frequently asked questions

What is the current guideline value of Thiyagaraya Nagar 2nd Street?

The current guideline value of Thiyagaraya Nagar 2nd 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 changed from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, reflecting a +10% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the median guideline value in Kodungaiyur?

The median guideline value in Kodungaiyur is Rs 2,700 per sq.ft for the year 2024. Thiyagaraya Nagar 2nd Street's guideline value is below this median.

How is stamp duty calculated for properties in Thiyagaraya Nagar 2nd Street?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.

Where can I find the Sub Registrar Office for Thiyagaraya Nagar 2nd Street?

The Sub Registrar Office for Thiyagaraya Nagar 2nd Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.