Guideline Value for Thiyagarayar Street

Thiyagarayar Street guideline value

The current guideline value of Thiyagarayar 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 Thiyagarayar Street has changed

The guideline value for Thiyagarayar Street has seen several revisions over the years. The oldest revision available is from 2012, which set the value at Rs 2,000 per sq.ft. The most recent revision in 2024 increased this value to Rs 2,200 per sq.ft, reflecting a change of +10% from the 2012 figure.

For the years 2023, 2017, 2007, 2003, and 2002, the register has no figure for this street. Therefore, the only available figures are from 2012 and 2024.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. Thiyagarayar Street's guideline value of Rs 2,200 per sq.ft is below this median.

• Thiyagaraya Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Thiyagaraya Nagar 1st 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 Thiyagarayar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be 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. Please note that the 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 details.

Which Sub Registrar Office covers Thiyagarayar Street?

The Sub Registrar Office that covers Thiyagarayar 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 in the registration process when buying or selling property in Kodungaiyur. It serves as a basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is sold, the guideline value is checked against the sale price. The higher of the two figures is used to determine the applicable stamp duty and registration fees, which must be paid at the time of registration to complete the transaction legally.

Frequently asked questions

What is the current guideline value of Thiyagarayar Street?

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

How much has the guideline value changed over the years?

The guideline value increased from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, marking a change of +10%. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002.

What is the land classification for Thiyagarayar Street?

Thiyagarayar Street is classified as Residential Class II Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for properties in Thiyagarayar Street?

The stamp duty is charged at 7% of the higher of the guideline value or the sale price, while the registration fee is 2%. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 1,98,000.

Where can I find the Sub Registrar Office for Thiyagarayar Street?

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