Guideline Value for TEACHERS NAGAR

Teachers Nagar guideline value

The current guideline value of Teachers Nagar is Rs 201 per sq.ft, effective from the 2024 revision. This area is located in Thandarai village under the Uthiramerur SRO, and the land classification is Residential Special Type - III.

How the guideline value of Teachers Nagar has changed

Since the 2017 revision, the guideline value for Teachers Nagar has remained constant. The 2017 revision recorded a guideline value of Rs 201 per sq.ft, which was also the same in the subsequent 2023 revision. The current 2024 revision continues this trend, maintaining the guideline value at Rs 201 per sq.ft, indicating no change between these revisions.

Furthermore, the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, there has been a 0% change in the guideline value from 2017 to 2024, reflecting stability in the valuation for this area.

Guideline values in Thandarai

Currently, there are no specific village figures available for Thandarai. Teachers Nagar is part of the Thandarai village under the Uthiramerur SRO. There are no other streets in Thandarai listed with guideline values.

Stamp duty and registration fee for property in Teachers Nagar

For a 1,000 sq.ft plot at the current rate of Rs 201 per sq.ft, the guideline value amounts to Rs 2,01,000. The stamp duty at 7% would be Rs 14,070, and the registration fee at 2% would be Rs 4,020, totaling Rs 18,090. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Teachers Nagar?

The Sub Registrar Office that covers Teachers Nagar is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Thandarai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of Teachers Nagar?

The current guideline value of Teachers Nagar is Rs 201 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has remained unchanged at Rs 201 per sq.ft through the 2023 and 2024 revisions, with no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification for Teachers Nagar?

The land classification for Teachers Nagar is Residential Special Type - III, indicating its designated use within the local planning framework.

Where is the Uthiramerur Sub Registrar Office located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is stamp duty calculated for properties in Teachers Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 201 per sq.ft, the total guideline value would be Rs 2,01,000, leading to a stamp duty of Rs 14,070.