Guideline Value for THENDRAL NAGAR

Thendral Nagar guideline value

The current guideline value of Thendral Nagar is Rs 2,100 per sq.ft, effective from 1 July 2024. This area is located in Chitthalapakkam village under the Selaiyur SRO, classified as Residential Class II Type - I.

How the guideline value of Thendral Nagar has changed

The guideline value for Thendral Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 1,800 per sq.ft, which decreased to Rs 1,206 per sq.ft in 2017. Following this, it increased significantly to Rs 2,000 per sq.ft in 2023, and then to Rs 2,100 per sq.ft in 2024, marking a 5% increase from the previous year.

From 2017 to 2023, the value increased by 66%, while the overall change from 2012 to 2024 shows a 17% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitthalapakkam

Chitthalapakkam has a total of 107 streets under the Selaiyur SRO with the 2024 guideline values ranging from Rs 1,300 to Rs 5,000 per sq.ft. The median guideline value in this area is Rs 2,900 per sq.ft, placing Thendral Nagar's current value below this median.

• The Breeze By Jones: Rs 3,350 per sq.ft (2024)
• Thaumanavar Street: Rs 2,700 per sq.ft (2024)
• Thirukkural Street: Rs 1,950 per sq.ft (2024)
• Thirumalai Nagar: Rs 2,700 per sq.ft (2024)
• Tamilselvi Nagar: Rs 2,900 per sq.ft (2024)
• Tamilnadu Housing Board (L.I.G & H.I.G): Rs 3,300 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 2,100 per sq.ft, the total guideline value amounts to Rs 21,00,000. The stamp duty at 7% would be Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, bringing the total fees to Rs 1,89,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thendral Nagar?

The Sub Registrar Office covering Thendral Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chitthalapakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the sale price or the guideline value, whichever is higher, will be used to determine the applicable fees. This ensures that the state 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 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,100 per sq.ft in 2024.

What are the other streets in Chitthalapakkam?

Other streets in Chitthalapakkam include The Breeze By Jones, Thaumanavar Street, Thirukkural Street, Thirumalai Nagar, Tamilselvi Nagar, and Tamilnadu Housing Board (L.I.G & H.I.G), each with their respective guideline values for 2024.

What fees are associated with buying property in Thendral Nagar?

When buying property in Thendral Nagar, the stamp duty is 7% of the guideline value, and the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Thendral Nagar?

The Sub Registrar Office for Thendral Nagar is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can find more details online.