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 Sattamangalam village and falls under the Chengleput Joint II SRO. The land classification for this area is 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 most recent revision in 2024 set the value at Rs 1,320 per sq.ft, an increase from Rs 1,200 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the value was Rs 804 per sq.ft, which reflects a significant increase of 49% to the 2023 figure. The 2012 revision had the value at Rs 1,200 per sq.ft, but this was a decrease of 33% compared to the 2017 figure.

There are no recorded figures for Thembavani Street (N) in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sattamangalam

In Sattamangalam village, there are 425 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this area 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 1,320 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 would be Rs 13,20,000. The stamp duty at 7% would amount to 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.

You can also use our stamp duty and registration fee calculator for accurate calculations.

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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Sattamangalam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential for the legal transfer of property ownership.

It is important for buyers and sellers to be aware of the guideline value to ensure compliance with local regulations and to avoid any potential legal issues during the registration process.

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 2023 to Rs 1,320 per sq.ft in 2024, a 10% increase. The value was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012, showing significant fluctuations over the years.

What are the other guideline values in Sattamangalam?

In Sattamangalam, the guideline values range from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Thembavani Street (N) has a guideline value above this median.

What fees are associated with buying property in Thembavani Street (N)?

When buying property in Thembavani Street (N), the stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees total Rs 1,18,800.

Where can I find the Sub Registrar Office for Thembavani Street (N)?

The Chengleput Joint II Sub Registrar Office covers Thembavani Street (N) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details by checking the SRO locator.