Guideline Value for COLLECTOR NAGAR

Collector Nagar guideline value

The current guideline value of Collector Nagar, Thandarai (Chengai) village, is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under the Thirukazhukundram SRO and is classified as Residential Special Type - I.

How the guideline value of Collector Nagar has changed

Looking at the historical revisions, the guideline value for Collector Nagar was Rs 167 per sq.ft in 2017. It remained the same at Rs 250 per sq.ft during the 2023 revision and continues at this rate in the 2024 revision, indicating no change between 2023 and 2024. The increase from 2017 to 2023 was 50%, resulting in an overall increase of 50% from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The guideline value has seen a significant change from the 2017 revision to the present, highlighting the stability in the recent years.

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's 2024 figure below that median.

• Collector Nagar Phase I: Rs 170 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

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. 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 our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Collector Nagar?

The Collector Nagar area is covered by the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Thandarai (Chengai), this value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property transactions. Ensuring that the sale price meets or exceeds the guideline value is important for a smooth registration process.

Frequently asked questions

What is the current guideline value of Collector Nagar?

The current guideline value of Collector Nagar, Thandarai (Chengai) village, is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2023 to 2024, with a 50% increase from Rs 167 per sq.ft in 2017. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

What are the other streets in Thandarai (Chengai) with guideline values?

Other streets in Thandarai (Chengai) include Collector Nagar Phase I at Rs 170 per sq.ft, Vedavalli Nagar, Elite Garden, and Vedavalli Nagar Extension, all at Rs 750 per sq.ft for 2024.

What are the stamp duty and registration fees for Collector Nagar?

For a 1,000 sq.ft plot at Rs 250 per sq.ft, the total guideline value is Rs 2,50,000. The stamp duty would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which office handles the registration for Collector Nagar?

The registration for Collector Nagar is handled by the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.