Guideline Value for THALAMUTHU NATARAJAN SALAI (WARD -8)

Thalamuthu Natarajan Salai (Ward -8) guideline value

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

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

The guideline value for Thalamuthu Natarajan Salai has undergone several revisions over the years. The earliest available figure is from 2012, which was Rs 1,600 per sq.ft. This value remained unchanged in the subsequent revision in 2017, where it dropped to Rs 1,072 per sq.ft, marking a decrease of 33%. In 2023, the value increased significantly to Rs 1,600 per sq.ft, and the latest revision in 2024 sets it at Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year. There are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2024, the overall change in guideline value is an increase of 10%. The most notable increase occurred between 2017 and 2023, where the value rose by 49%. This indicates a significant adjustment in the guideline value over the years, particularly in the recent revisions.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Thalamuthu Natarajan Salai's 2024 figure 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 would be Rs 17,60,000. The stamp duty, charged at 7%, would amount to Rs 1,23,200, while the registration fee at 2% would be Rs 35,200. Together, these fees total Rs 1,58,400. It is important to note that 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 that covers Thalamuthu Natarajan Salai (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Sattamangalam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value is used to assess the financial obligations associated with property transactions.

When a property is registered, the stamp duty is calculated based on the higher amount between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property being exchanged.

Frequently asked questions

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

The current guideline value for 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 several times, with the most recent increase being from Rs 1,600 per sq.ft in 2023 to Rs 1,760 per sq.ft in 2024. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

What is the land classification for Thalamuthu Natarajan Salai?

Thalamuthu Natarajan Salai is classified as Residential Special Type - III, which indicates its intended use for residential purposes.

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

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

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, on a guideline value of Rs 17,60,000, the total fees would amount to Rs 1,58,400.