Guideline Value for Thomas South Street

Thomas South Street guideline value

The current guideline value of Thomas South Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Thomas South Street has changed

The guideline value of Thomas South Street has seen several revisions over the years. In 2007, the value was Rs 900 per sq.ft, which increased to Rs 1,500 per sq.ft in 2012. However, this value decreased by 33% to Rs 1,005 per sq.ft in 2017. The 2023 revision marked an increase to Rs 1,500 per sq.ft, and the current value for 2024 is Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 83%.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 7,700 per sq.ft. The median value is Rs 1,650 per sq.ft, which is equal to the current guideline value of Thomas South Street.

• Thomas Street: Rs 3,300 per sq.ft (2024)
• Thomas West Street: Rs 1,650 per sq.ft (2024)
• Thiru-vi-ka Ist Street: Rs 1,320 per sq.ft (2024)
• Thiru-vi-ka 3rd Street: Rs 1,320 per sq.ft (2024)
• Thiru-vi-ka 2nd Street: Rs 1,320 per sq.ft (2024)
• Tnhb: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thomas South Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thomas South Street?

The Sub Registrar Office covering Thomas South Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration of property transactions in Kadaperi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of property ownership. Buyers must be aware of the guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thomas South Street?

The current guideline value of Thomas South Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 83% over the years.

What is the land classification for Thomas South Street?

Thomas South Street is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for this area?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at 7%.