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 Ninna Karai 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

The guideline value for Thalamuthu Natarajan Salai has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 1,600 per sq.ft. This was followed by a decrease to Rs 1,072 per sq.ft in 2017. The value then increased significantly to Rs 1,600 per sq.ft in 2023, before rising again to Rs 1,760 per sq.ft in 2024.

Between the revisions, there have been notable changes. From 2012 to 2017, there was a decrease of 33%. However, the value increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value for the village is Rs 1,100 per sq.ft, placing Thalamuthu Natarajan Salai's 2024 figure above this median.

• Thaiyumanavar Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Thaniskeyar (Per): Rs 1,321 per sq.ft (2024)
• Swamy Nagar (Kr): Rs 660 per sq.ft (2024)
• Thembavani Street (N): Rs 1,321 per sq.ft (2024)
• Thenral Nagar (Kr): Rs 660 per sq.ft (2024)
• Surendra Puram Phase -III: 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 would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, while the registration fee at 2% would be Rs 35,200. Together, the total cost for stamp duty and registration would be Rs 1,58,400. It is important to 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 accurate calculations.

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

The Sub Registrar Office that covers 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 information.

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

The guideline value is a crucial factor when registering property transactions in Ninna Karai. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for the transaction price. If the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value to ensure that the government receives the appropriate revenue from the transaction.

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.

Where can I find the Sub Registrar Office for this area?

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

How is the stamp duty calculated for properties in this area?

Stamp duty for properties in Thalamuthu Natarajan Salai is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 17,60,000 would incur a stamp duty of Rs 1,23,200 at 7%.