Guideline Value for THENDRAL NAGAR

Thendral Nagar guideline value

The current guideline value of Thendral Nagar is Rs 1,100 per sq.ft as per the 2023 revision. This area is located in Vengadamangalam village and falls under the Gooduvancheri SRO. The land classification for this locality is Mixed Special Type - II.

How the guideline value of Thendral Nagar has changed

The guideline value for Thendral Nagar has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 837 per sq.ft. This marked an increase of 31% to the current value of Rs 1,100 per sq.ft in the 2023 revision. The register has no figures for the years 2002, 2003, 2007, 2012, and 2024.

From 2017 to 2023, the increase in guideline value reflects the changes in the local real estate landscape. The absence of figures in earlier revisions indicates a lack of recorded values for this street during those years.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. Thendral Nagar is part of this locality, which does not have other streets listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Thendral Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thendral Nagar?

The Sub Registrar Office that covers Thendral Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vengadamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that all transactions are fairly assessed in accordance with local regulations.

Frequently asked questions

What is the current guideline value of Thendral Nagar?

The current guideline value of Thendral Nagar is Rs 1,100 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2017 revision, which had a guideline value of Rs 837 per sq.ft, there has been a 31% increase to the current value of Rs 1,100 per sq.ft in 2023. The register has no figures for the years 2002, 2003, 2007, 2012, and 2024.

What is the stamp duty for property in Thendral Nagar?

The stamp duty for property in Thendral Nagar is 7% of the guideline value or sale price, whichever is higher. For example, on a 1,000 sq.ft plot, the stamp duty would be Rs 77,000 based on the current guideline value.

Where is the Gooduvancheri SRO located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is compared with the sale price, and the higher value is used to determine the fees that need to be paid at registration.