Guideline Value for COLLECTOR NAGAR PHASE I

Collector Nagar Phase I guideline value

The current guideline value for Collector Nagar Phase I is Rs 170 per sq.ft. This area is located in Thandarai (Chengai) village, under the Thirukazhukundram SRO, classified as Residential Special Type - IV.

How the guideline value of Collector Nagar Phase I has changed

The guideline value for Collector Nagar Phase I has remained consistent at Rs 170 per sq.ft across multiple revisions. In the 2017 revision, the value was Rs 170 per sq.ft, which did not change in the subsequent 2023 revision, where it also remained Rs 170 per sq.ft. The most recent 2024 revision continues this trend, maintaining the value at Rs 170 per sq.ft.

There are no figures available for the revisions from the years 2002, 2003, 2007, and 2012 for this particular street. Overall, there has been no change in the guideline value from 2017 to 2024, as it has consistently remained at Rs 170 per sq.ft.

Guideline values in Thandarai (Chengai)

In Thandarai (Chengai), there are five streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 170 to Rs 750 per sq.ft. The median value among these streets is Rs 750 per sq.ft, placing Collector Nagar Phase I below that median.

• Collector Nagar: Rs 250 per sq.ft (2024)
• Vedavalli Nagar: Rs 750 per sq.ft (2024)
• Elite Garden: Rs 750 per sq.ft (2024)
• Vedavalli Nagar Extension: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Collector Nagar Phase I

For a 1,000 sq.ft plot at the current guideline value of Rs 170 per sq.ft, the total guideline value amounts to Rs 1,70,000. The stamp duty is charged at 7%, which totals Rs 11,900, and the registration fee at 2% amounts to Rs 3,400. Together, the total cost for stamp duty and registration fee is Rs 15,300. 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 detailed calculations.

Which Sub Registrar Office covers Collector Nagar Phase I?

The Sub Registrar Office covering Collector Nagar Phase I is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thandarai (Chengai)

The guideline value is an essential factor during the registration of property transactions in Thandarai (Chengai). It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the official value of the property for registration purposes. It is crucial to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Collector Nagar Phase I?

The current guideline value of Collector Nagar Phase I is Rs 170 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 170 per sq.ft from 2017 through 2024, with no figures available for the revisions in 2002, 2003, 2007, and 2012.

What are the other streets in Thandarai (Chengai)?

Other streets in Thandarai (Chengai) include Collector Nagar, Vedavalli Nagar, Elite Garden, and Vedavalli Nagar Extension, with guideline values ranging from Rs 250 to Rs 750 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Collector Nagar Phase I?

For a 1,000 sq.ft plot, the total stamp duty is Rs 11,900 and the registration fee is Rs 3,400, making the total Rs 15,300, based on the guideline value of Rs 1,70,000.

Which Sub Registrar Office covers Collector Nagar Phase I?

The Thirukazhukundram Sub Registrar Office covers Collector Nagar Phase I, located at Thiruchengode - 637 211, Chengalpattu registration zone.