Guideline Value for THALAMUTHU NATARAJAN SALAI (WARD -8)

Thalamuthu Natarajan Salai (Ward -8) guideline value

The current guideline value of Thalamuthu Natarajan Salai (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Thalamuthu Natarajan Salai (Ward -8) has changed

Over the years, the guideline value of Thalamuthu Natarajan Salai has seen several revisions. The 2012 revision set the value at Rs 1,600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,072 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 1,600 per sq.ft in the 2023 revision, followed by a further increase to Rs 1,760 per sq.ft in the 2024 revision, which reflects a 10% rise from the previous year.

From 2017 to 2023, there was a notable increase of 49% in the guideline value. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Thalamuthu Natarajan Salai's 2024 value above this median.

• Thaiyumanavar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Thaniskeyar (Per): Rs 1,320 per sq.ft (2024)
• Swamy Nagar (Kr): Rs 660 per sq.ft (2024)
• Thembavani Street (N): Rs 1,320 per sq.ft (2024)
• Thenral Nagar (Kr): Rs 660 per sq.ft (2024)
• Surendrapuram (N): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Thalamuthu Natarajan Salai (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, leading to a total cost of Rs 1,58,400. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thalamuthu Natarajan Salai (Ward -8)?

The Sub Registrar Office covering Thalamuthu Natarajan Salai (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kattankollatur. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thalamuthu Natarajan Salai (Ward -8)?

The current guideline value of Thalamuthu Natarajan Salai (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,760 per sq.ft in 2024.

What is the land classification for Thalamuthu Natarajan Salai?

The land classification for Thalamuthu Natarajan Salai (Ward -8) is Residential Special Type - III.

What are the stamp duty and registration fees for a property in Thalamuthu Natarajan Salai?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,58,400.

Which office handles registrations for Thalamuthu Natarajan Salai?

The Chengleput Joint II Sub Registrar Office handles registrations for Thalamuthu Natarajan Salai (Ward -8), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.