Guideline Value for THENDRAL NAGAR

Thendral Nagar guideline value

The current guideline value of Thendral Nagar is Rs 135 per sq.ft, effective from 1 July 2024. This area is located in Melpakkam village and falls under the Uthiramerur Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - III.

How the guideline value of Thendral Nagar has changed

The guideline value for Thendral Nagar has seen significant changes over the years. In the 2007 revision, the value was Rs 15 per sq.ft. This remained unchanged until the 2023 revision, which also recorded the value at Rs 135 per sq.ft. The latest revision in 2024 maintains the same value of Rs 135 per sq.ft, indicating no change from the previous year.

From 2007 to 2023, the guideline value increased by 800%, reflecting a substantial rise over the years. Overall, from 2007 to 2024, the increase remains at 800%, showcasing a consistent value since 2023.

Guideline values in Melpakkam

Currently, there are no specific village figures available for Melpakkam, and Thendral Nagar is the only street mentioned under the Uthiramerur SRO. The other streets in Melpakkam have not been provided.

Stamp duty and registration fee for property in Thendral Nagar

For a 1,000 sq.ft plot at the current rate of Rs 135 per sq.ft, the guideline value totals Rs 1,35,000. The stamp duty at 7% amounts to Rs 9,450, and the registration fee at 2% is Rs 2,700, bringing the total fees together to Rs 12,150. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information on calculating fees.

Which Sub Registrar Office covers Thendral Nagar?

The Thendral Nagar area is covered by the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Melpakkam. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area. Buyers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering property, the guideline value ensures that the transaction is recorded at a fair value, which aids in maintaining transparency in property dealings. It is essential for both buyers and sellers to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thendral Nagar?

The current guideline value of Thendral Nagar is Rs 135 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 135 per sq.ft since the 2023 revision. It increased from Rs 15 per sq.ft in 2007 to Rs 135 per sq.ft in 2023, marking an overall increase of 800% from 2007 to 2024.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 1,35,000. The stamp duty is 7%, amounting to Rs 9,450, and the registration fee is 2%, totaling Rs 2,700, leading to a combined fee of Rs 12,150.

Where is the Uthiramerur Sub Registrar Office located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, 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 essential for both buyers and sellers to understand that these fees are based on the higher of the guideline value or the sale price.