Guideline Value for THENDRAL NAGAR

Thendral Nagar guideline value

The current guideline value of Thendral Nagar is Rs 988 per sq.ft, effective from 1 July 2024. This area is located in Thandurai village and falls under the Avadi SRO. The land classification for this locality is 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 2002, the value was Rs 77 per sq.ft, which increased to Rs 103 per sq.ft in 2003. The value then experienced a significant rise to Rs 478 per sq.ft in 2007, followed by a jump to Rs 900 per sq.ft in 2012. However, it decreased to Rs 603 per sq.ft in 2017. The value then rose to Rs 900 per sq.ft in 2023, before reaching the current rate of Rs 988 per sq.ft in 2024.

Examining the changes between the revisions, from 2002 to 2024, the overall increase is 1183%. The most notable change occurred from 2003 to 2007, where the value surged by 364%. From 2017 to 2023, there was a 49% increase, and the latest revision from 2023 to 2024 reflects a 10% rise. There are no figures available for any other revisions for this street.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO, with a 2024 guideline value range from Rs 800 to Rs 2,640 per sq.ft. The median value for this area is Rs 988 per sq.ft, which is the same as the current guideline value for Thendral Nagar. Below are other streets in Thandurai:

• Thendral Avenue: Rs 800 per sq.ft (2024)
• The P.T.M.S.Street(Ambedkar Nagar): Rs 988 per sq.ft (2024)
• Thanner Kinaru St: Rs 988 per sq.ft (2024)
• Thilagar Street: Rs 988 per sq.ft (2024)
• Thandurai Earikarai: Rs 800 per sq.ft (2024)
• Thillaiyadi Valliyammai Street, Kakkanji Nagar: Rs 800 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 988 per sq.ft, the total guideline value amounts to Rs 9,88,000. The stamp duty at 7% would be Rs 69,160, and the registration fee at 2% would be Rs 19,760, making the total cost for these fees Rs 88,920. 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 that covers Thendral Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Thandurai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers and sellers must consider this value to understand the costs involved in the registration process, as the fees are calculated based on 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 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 77 per sq.ft in 2002 to Rs 988 per sq.ft in 2024, reflecting an overall increase of 1183% over this period.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 9,88,000. The stamp duty is Rs 69,160 and the registration fee is Rs 19,760, totaling Rs 88,920.

Which Sub Registrar Office covers Thendral Nagar?

The Avadi Sub Registrar Office covers Thendral Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification of Thendral Nagar?

The land classification for Thendral Nagar is Residential Class II Type - I.