Guideline Value for Thomas Street (Pudur)

Thomas Street (Pudur) guideline value

The current guideline value of Thomas Street (Pudur) is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Thomas Street (Pudur) has changed

The guideline value for Thomas Street (Pudur) has seen several revisions over the years. In 2012, the value was set at Rs 1,800 per sq.ft. This figure decreased to Rs 1,206 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,800 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has further increased the value to Rs 1,900 per sq.ft, which is a 6% increase from the previous year.

The guideline value register does not have figures for the years 2002, 2003, and 2007 for Thomas Street (Pudur). Overall, the guideline value has increased by 6% from 2012 to 2024.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, which means that the 2024 value of Thomas Street (Pudur) is below this median.

• Thomas Street (A.K.A. Nagar): Rs 1,400 per sq.ft (2024)
• Thiru.V.Ka.Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Thiru.V.Ka.Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)
• Thulasi Street: Rs 1,600 per sq.ft (2024)
• Thuluganathamman Kovil Street: Rs 1,800 per sq.ft (2024)
• Thiruvengadam Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Thomas Street (Pudur)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total cost for these fees to Rs 1,71,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thomas Street (Pudur)?

The Sub Registrar Office that covers Thomas Street (Pudur) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thomas Street (Pudur)?

The current guideline value of Thomas Street (Pudur) is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification for Thomas Street (Pudur)?

The land classification for Thomas Street (Pudur) is Residential Class I Type - I.

Where can I find the Sub Registrar Office for Thomas Street (Pudur)?

The Sub Registrar Office for Thomas Street (Pudur) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Thomas Street (Pudur)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,33,000 at a rate of 7%.