Guideline Value for THEMBAVANI STREET (N)

Thembavani Street (N) guideline value

The current guideline value of Thembavani Street (N) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - V.

How the guideline value of Thembavani Street (N) has changed

The guideline value for Thembavani Street (N) has undergone several revisions since 2012. In 2012, the guideline value was Rs 1,200 per sq.ft, which remained unchanged until the next revision in 2017, where it decreased to Rs 804 per sq.ft. This was a significant drop of 33%. The value then increased to Rs 1,200 per sq.ft in 2023, followed by a rise to Rs 1,320 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, there was a substantial increase of 49%, bringing the value back to Rs 1,200 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 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 guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, making Thembavani Street's 2024 figure of Rs 1,320 per sq.ft higher than the median.

• Thenral Nagar (Kr): Rs 660 per sq.ft (2024)
• Thaniskeyar (Per): Rs 1,320 per sq.ft (2024)
• Thilagar Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thirugnanasambanthar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Thirukkural Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thirukoodarasappar Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thembavani Street (N)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to 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 Thembavani Street (N)?

Thembavani Street (N) falls under 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 Kattankollatur

The guideline value is an essential factor when registering property in Kattankollatur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is important to be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Thembavani Street (N)?

The current guideline value of Thembavani Street (N) is Rs 1,320 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 back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What are the stamp duty and registration fees for a property on Thembavani Street (N)?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office registers properties in Thembavani Street (N)?

The Chengleput Joint II Sub Registrar Office is responsible for registering properties in Thembavani Street (N), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification of Thembavani Street (N)?

Thembavani Street (N) is classified as Residential Special Type - V, indicating its designated use for residential purposes.