Guideline Value for THEMBAVANI STREET (N)

Thembavani Street (N) guideline value

The current guideline value of Thembavani Street (N) in Ninna Karai village is Rs 1,321 per sq.ft, effective from 1 July 2024. This street falls 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 over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft, reflecting a decrease of 33%. In the subsequent 2023 revision, the value increased significantly to Rs 1,200 per sq.ft, and the most recent 2024 revision has raised it further to Rs 1,321 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, when considering the changes from the 2012 revision to the current 2024 figure, the guideline value has increased by 10%.

Guideline values in Ninna Karai

In Ninna Karai, there are 449 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Thembavani Street (N) above this median.

• Thenral Nagar (Kr): Rs 660 per sq.ft (2024)
• Thaniskeyar (Per): 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)
• Thirukkural Street (Ward -8): Rs 1,321 per sq.ft (2024)
• Thirukoodarasappar Street (Ward -7): Rs 1,321 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 1,321 per sq.ft, the total guideline value would be Rs 13,21,000. The stamp duty at 7% would amount to Rs 92,470, while the registration fee at 2% would be Rs 26,420, bringing the total fees together to Rs 1,18,890. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thembavani Street (N)?

Thembavani Street (N) is covered by 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 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 serves as a benchmark for determining the stamp duty and registration fees that are required during the sale or purchase of property.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

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

The current guideline value of Thembavani Street (N) 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 seen several changes, with the most recent increase being from Rs 1,200 per sq.ft in 2023 to Rs 1,321 per sq.ft in 2024, a change of 10%. The value has also increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, which is a 49% increase.

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

Thembavani Street (N) is classified as Residential Special Type - V under the Chengleput Joint II SRO.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 13,21,000. The stamp duty would be Rs 92,470, and the registration fee would be Rs 26,420, totaling Rs 1,18,890.

Which office handles registrations for Thembavani Street (N)?

The Chengleput Joint II Sub Registrar Office handles registrations for Thembavani Street (N). It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.