Guideline Value for THENDRAL NAGAR

Thendral Nagar guideline value

The current guideline value of Thendral Nagar, located in Kalpakkam village under the Ponneri SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Thendral Nagar has changed

In the 2012 revision, the guideline value was set at Rs 100 per sq.ft. This was followed by a decrease to Rs 67 per sq.ft in the 2017 revision, marking a change of -33%. However, the value increased significantly to Rs 100 per sq.ft in the 2023 revision. The 2024 revision has maintained this figure, showing no change from the previous year.

Overall, from 2012 to 2024, the guideline value has remained at Rs 100 per sq.ft, indicating no net change during this period. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kalpakkam

In Kalpakkam, there are 21 streets under the Ponneri SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft, with the median also being Rs 100 per sq.ft. Thendral Nagar's 2024 figure is equal to this median.

• Thiruvalluvar Nagar: Rs 100 per sq.ft (2024)
• Sri Prasad Nagar: Rs 100 per sq.ft (2024)
• Vadivudaiamman Nagar: Rs 100 per sq.ft (2024)
• Sri Bala Jothimurugan Manaipiriuv: Rs 100 per sq.ft (2024)
• Smr Roziya Garden: Rs 100 per sq.ft (2024)
• Shakthi Sai Avenue: Rs 100 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 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total cost to Rs 9,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thendral Nagar?

The Sub Registrar Office that covers Thendral Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kalpakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the registration process is transparent and consistent across different properties within the region.

Frequently asked questions

What is the current guideline value of Thendral Nagar?

The current guideline value of Thendral Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 100 per sq.ft in both 2023 and 2024. It was Rs 67 per sq.ft in 2017 and Rs 100 per sq.ft in 2012.

What is the land classification of Thendral Nagar?

Thendral Nagar falls under the Residential Class II Type - I land classification, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the higher value between the guideline value and the sale price, while the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 100 per sq.ft would incur a total of Rs 9,000 in fees.

Which office handles property registrations in Thendral Nagar?

The Ponneri Sub Registrar Office handles property registrations for Thendral Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.