Guideline Value for THENDRAL NAGAR

Thendral Nagar guideline value

The current guideline value of Thendral Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Thendral Nagar has changed

Over the years, the guideline value of Thendral Nagar has experienced significant changes. In 2003, the value was Rs 117 per sq.ft, which increased to Rs 500 per sq.ft in 2007, marking a 327% rise. The value then surged to Rs 2,000 per sq.ft in 2012, reflecting a 300% increase. However, it dropped to Rs 1,340 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft in 2024, representing a 10% increase from the previous year.

The register has no figure for Thendral Nagar for the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 1780%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,200 per sq.ft, with the median being Rs 2,200 per sq.ft. The guideline value for Thendral Nagar is equal to this median.

• Thanigaivel Garden: Rs 3,300 per sq.ft (2024)
• Thandai Periyar Street: Rs 2,200 per sq.ft (2024)
• Teachers Colony Main Road: Rs 4,500 per sq.ft (2024)
• TEACHERS COLONY 4th CROSS STREET: Rs 3,900 per sq.ft (2024)
• TEACHERS COLONY 3rd CROSS STREET: Rs 3,900 per sq.ft (2024)
• TEACHERS COLONY 2nd CROSS STREET: Rs 3,900 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 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or 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 covering Thendral Nagar is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Enjambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold or bought, the registration authorities will refer to the guideline value to ensure that the transaction is recorded at a fair and standardized rate. This helps in maintaining transparency and consistency in property transactions across the region.

Frequently asked questions

What is the current guideline value of Thendral Nagar?

The current guideline value of Thendral Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 117 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, marking an increase of 1780% overall.

What is the land classification of Thendral Nagar?

Thendral Nagar is classified as Residential Class III Type - I.

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

The Neelankarai Sub Registrar Office covers Thendral Nagar, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for property in Thendral Nagar?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 22,00,000, the stamp duty at 7% would amount to Rs 1,54,000.