Guideline Value for THENDRAL NAGAR

Thendral Nagar guideline value

The current guideline value of Thendral Nagar, located in Athur B Block village, is Rs 700 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Special Type - I.

How the guideline value of Thendral Nagar has changed

The guideline value of Thendral Nagar has remained stable at Rs 700 per sq.ft from the 2023 revision to the 2024 revision, showing no change. Prior to this, the 2017 revision set the value at Rs 469 per sq.ft, marking a significant increase of 49% to the 2023 and 2024 figures.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Athur B Block

In Athur B Block, there are 79 streets under the Chengleput Joint II SRO that carry a guideline value for 2024, ranging from Rs 268 to Rs 1,525 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which aligns with the guideline value of Thendral Nagar.

• Thilakar Avenue: Rs 1,000 per sq.ft (2024)
• Sri Vignesh Co-Op Nagar: Rs 500 per sq.ft (2024)
• Sri Srnivasa Avenue: Rs 1,344 per sq.ft (2024)
• Vaibhav Gardens: Rs 700 per sq.ft (2024)
• Vaibhav Lakshmi Nagar: Rs 700 per sq.ft (2024)
• Vaishnaiv Nagar: Rs 700 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 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thendral Nagar?

The Sub Registrar Office that covers Thendral Nagar is 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 further assistance.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value is a crucial factor in the registration process when buying or selling property in Athur B Block. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thendral Nagar?

The current guideline value of Thendral Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision to the 2024 revision, the guideline value has increased by 49%. It has remained stable at Rs 700 per sq.ft from the 2023 revision to the 2024 revision.

What are the stamp duty and registration fees for properties in Thendral Nagar?

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 7,00,000. The stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which Sub Registrar Office covers Thendral Nagar?

The Chengleput Joint II Sub Registrar Office covers Thendral Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification of Thendral Nagar?

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