Guideline Value for THENDRAL NAGAR-(929/1)

Thendral Nagar-(929/1) guideline value

The current guideline value of Thendral Nagar-(929/1) is Rs 100 per sq.ft, effective from 1 July 2024. This property is located in Ikkadu village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class III Type - II.

How the guideline value of Thendral Nagar-(929/1) has changed

The guideline value for Thendral Nagar-(929/1) has undergone several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged in the subsequent 2017 revision at Rs 67 per sq.ft, reflecting a decrease of 33%. The value then increased significantly to Rs 100 per sq.ft in the 2023 revision, marking a 49% increase from the 2017 figure.

As of the 2024 revision, the guideline value remains at Rs 100 per sq.ft, indicating no change from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Ikkadu

In Ikkadu, there are 51 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,400 per sq.ft, with a median value of Rs 400 per sq.ft. Thendral Nagar-(929/1) is below this median value.

• Teachers Colony: Rs 500 per sq.ft (2024)
• Thiruvallur- Red hills Raod: Rs 500 per sq.ft (2024)
• Swathi Nagar: Rs 1,400 per sq.ft (2024)
• Sundar Raj Nagar: Rs 200 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 400 per sq.ft (2024)
• Sri Sai Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Thendral Nagar-(929/1)

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees together to Rs 9,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thendral Nagar-(929/1)?

The Sub Registrar Office covering Thendral Nagar-(929/1) is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Ikkadu, as it determines the amount of stamp duty and registration fees payable at the time of property registration. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used for calculating the applicable duties.

Additionally, the guideline value serves as a reference point for property transactions, ensuring that the values are consistent and transparent. It is essential for both buyers and sellers to understand the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thendral Nagar-(929/1)?

The current guideline value of Thendral Nagar-(929/1) is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the 2012 figure at Rs 100 per sq.ft, decreasing to Rs 67 per sq.ft in 2017, and then increasing back to Rs 100 per sq.ft in 2023 and 2024.

What is the land classification of Thendral Nagar-(929/1)?

Thendral Nagar-(929/1) is classified as Residential Class III Type - II.

How does the guideline value affect stamp duty and registration fees?

The guideline value is used to calculate the stamp duty and registration fees when buying or selling property. The duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Thendral Nagar-(929/1)?

The Sub Registrar Office for Thendral Nagar-(929/1) is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.