Guideline Value for Thumbavanam Street

Thumbavanam Street guideline value

The current guideline value of Thumbavanam Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in the 2nd Division village under the Kanchipuram Joint IV SRO, classified as Residential Class II Type - I.

How the guideline value of Thumbavanam Street has changed

Thumbavanam Street has seen several revisions in its guideline value over the years. The 2024 revision lists the value at Rs 1,320 per sq.ft, up from Rs 1,200 per sq.ft in 2023, marking a 10% increase. Prior to that, the 2017 revision set the value at Rs 804 per sq.ft, reflecting a significant 49% rise to the 2023 figure. The 2012 revision had the value at Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 figure. In 2007, the value was Rs 700 per sq.ft, representing a 71% increase to the 2012 figure. The overall change from 2007 to 2024 is an increase of 89%.

The register has no figures for Thumbavanam Street for the years 2002 and 2003. This historical perspective illustrates the fluctuations in the guideline value over the years, reflecting various market conditions.

Guideline values in 2nd Division

In the 2nd Division village under the Kanchipuram Joint IV SRO, there are 101 streets with a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, positioning Thumbavanam Street's 2024 figure below this median.

• Thumbavanam Arunachalam Mudal Road: Rs 1,100 per sq.ft (2024)
• Uppukulam: Rs 800 per sq.ft (2024)
• Uppukulama Street: Rs 1,100 per sq.ft (2024)
• Uppukulam Sri Siddhi Vinayagar Nagar: Rs 1,100 per sq.ft (2024)
• Uppukulam Sri Venkateswara Nagar: Rs 800 per sq.ft (2024)
• Thirusakrapuram Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Thumbavanam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. Note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thumbavanam Street?

The Sub Registrar Office that covers Thumbavanam Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 2nd Division

The guideline value is a crucial factor in property transactions within the 2nd Division. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the officially recognized value of the property.

When buying or selling property, the guideline value helps establish a fair transaction price and is used by the registration office to determine the applicable fees. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thumbavanam Street?

The current guideline value of Thumbavanam Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 89% over the years.

What is the land classification of Thumbavanam Street?

Thumbavanam Street is classified as Residential Class II Type - I.

Which office handles property registrations for Thumbavanam Street?

The Kanchipuram Joint IV Sub Registrar Office handles property registrations for Thumbavanam Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

What is the stamp duty rate for property in Thumbavanam Street?

The stamp duty rate for property transactions in Thumbavanam Street is 7% of the guideline value or the sale price, whichever is higher.