Guideline Value for THANISKEYAR (PER)

Thaniskeyar (Per) guideline value

The current guideline value of Thaniskeyar (Per) is Rs 1,321 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Thaniskeyar (Per) has changed

The guideline value for Thaniskeyar (Per) has seen several revisions over the years. In 2012, the guideline value was Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and then to Rs 1,321 per sq.ft in the 2024 revision.

Between the revisions, the changes were as follows: from 2017 to 2023, there was a notable increase of 49%. The value then rose by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%. There are no figures available in the register for the years 2002, 2003, and 2007 for this street.

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 value for these streets is Rs 1,100 per sq.ft, making the guideline value for Thaniskeyar (Per) above the median.

• Thembavani Street (N): Rs 1,321 per sq.ft (2024)
• Thalamuthu Natarajan Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Thenral Nagar (Kr): Rs 660 per sq.ft (2024)
• Thaiyumanavar Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Thilagar Street (Ward -8): Rs 1,321 per sq.ft (2024)
• Thirugnanasambanthar Street (Ward -6): Rs 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Thaniskeyar (Per)

For a 1,000 sq.ft plot at the current rate of Rs 1,321 per sq.ft, the guideline value is Rs 13,21,000. The stamp duty at 7% would be Rs 92,470, and the registration fee at 2% would be Rs 26,420, totaling Rs 1,18,890. It is important to 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 Thaniskeyar (Per)?

The Sub Registrar Office that covers Thaniskeyar (Per) 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 figure used during the registration of property transactions in Ninna Karai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum value at which a property can be registered. This value is essential for both buyers and sellers to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Thaniskeyar (Per)?

The current guideline value of Thaniskeyar (Per) is Rs 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,321 per sq.ft in 2024.

What is the median guideline value in Ninna Karai?

The median guideline value in Ninna Karai is Rs 1,100 per sq.ft, with Thaniskeyar (Per) having a value above this median at Rs 1,321 per sq.ft.

What are the stamp duty and registration fees for a property in Thaniskeyar (Per)?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would be Rs 1,18,890, based on the current guideline value of Rs 1,321 per sq.ft.

Which office handles registrations for Thaniskeyar (Per)?

The Chengleput Joint II Sub Registrar Office handles registrations for Thaniskeyar (Per), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.