Guideline Value for INDUSTRIAL ARIYA THIRUKATCHUR

Industrial Ariya Thirukatchur guideline value

The current guideline value of Industrial Ariya Thirukatchur is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Thirukkachur - 1 village under the Chengleput Joint II SRO, classified as Residential Special Type - II.

How the guideline value of Industrial Ariya Thirukatchur has changed

The guideline value has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the most recent 2024 revision has raised it to Rs 2,200 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The 2023 to 2024 revision reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has seen a 10% increase.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 385 to Rs 3,300 per sq.ft. The median value for these streets is Rs 660 per sq.ft, placing the guideline value of Industrial Ariya Thirukatchur above this median.

• Happinest: Rs 1,320 per sq.ft (2024)
• Jeeva Nagar: Rs 550 per sq.ft (2024)
• Jeevanatham Nagar: Rs 660 per sq.ft (2024)
• Jeevanatham Nagar Phase- I: Rs 660 per sq.ft (2024)
• Jeevanatham Nagar Phase- II: Rs 660 per sq.ft (2024)
• Gst Road: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Industrial Ariya Thirukatchur

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value is Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total Rs 1,98,000. Please note that 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 details.

Which Sub Registrar Office covers Industrial Ariya Thirukatchur?

The Chengleput Joint II Sub Registrar Office covers Industrial Ariya Thirukatchur. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thirukkachur - 1

The guideline value is a crucial factor in property transactions in Thirukkachur - 1, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that need to be paid.

It is essential for buyers and sellers to be aware of the guideline value, as it can impact the overall cost of the transaction. The registration process requires adherence to these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Industrial Ariya Thirukatchur?

The current guideline value of Industrial Ariya Thirukatchur is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Industrial Ariya Thirukatchur?

The land classification for Industrial Ariya Thirukatchur is Residential Special Type - II, which indicates its intended use within the area.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.