Guideline Value for THENDRAL NAGAR

Thendral Nagar guideline value

The current guideline value of Thendral Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Vedanareyanapuram village under the Chengleput Joint I SRO, classified as Residential Special Type - I.

How the guideline value of Thendral Nagar has changed

Looking at the revisions, the guideline value for Thendral Nagar has seen several changes over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged in the 2017 revision, but prior to that, in 2017, it was Rs 402 per sq.ft. The 2023 revision also maintained the value at Rs 600 per sq.ft, and the latest revision in 2024 continues this figure, resulting in no change from 2023 to 2024.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. However, the 2012 to 2017 period saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained steady with no increase or decrease.

Guideline values in Vedanareyanapuram

In Vedanareyanapuram, there are 31 streets under the Chengleput Joint I SRO that have a 2024 guideline value ranging from Rs 400 to Rs 2,050 per sq.ft. The median guideline value is Rs 600 per sq.ft, which is the same as the current value for Thendral Nagar.

• Thulasinga Nagar: Rs 400 per sq.ft (2024)
• Valmigi nagar: Rs 400 per sq.ft (2024)
• Vasantham nagar: Rs 600 per sq.ft (2024)
• Sri Rajeswari Nagar: Rs 600 per sq.ft (2024)
• Sri Nagar: Rs 500 per sq.ft (2024)
• Sri Magaveer Nagar: Rs 501 per sq.ft (2024)

Stamp duty and registration fee for property in Thendral Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the 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 Thendral Nagar?

Thendral Nagar is covered by the Chengleput Joint I 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 Vedanareyanapuram

The guideline value is a crucial factor during the registration of property transactions in Vedanareyanapuram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, it is essential to be aware of the guideline value as it directly affects the financial obligations involved in the transaction. Buyers should ensure that they are prepared for these costs, which are determined by the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Thendral Nagar?

The current guideline value of Thendral Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2012, with a notable increase of 49% from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023. There has been no change from 2023 to 2024.

What is the land classification for Thendral Nagar?

Thendral Nagar is classified as Residential Special Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for Thendral Nagar?

The registration office for Thendral Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Thendral Nagar?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000.