Guideline Value for THENNARASU STREET

Thennarasu Street guideline value

The current guideline value of Thennarasu Street is Rs 720 per sq.ft, effective from 1 July 2024. This street is located in Serapanancheri village and falls under the Padappai SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Thennarasu Street has changed

The guideline value for Thennarasu Street has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 435 per sq.ft. This increased to Rs 650 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 720 per sq.ft, reflecting an increase of 11% from the previous year.

There are no recorded figures for Thennarasu Street in the revisions of 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 66%.

Guideline values in Serapanancheri

In Serapanancheri, there are 53 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 4,440 per sq.ft. The median guideline value is Rs 720 per sq.ft, which is equal to the 2024 figure for Thennarasu Street.

• Thiruchendur Avenue: Rs 990 per sq.ft (2024)
• Teachers Colony: Rs 720 per sq.ft (2024)
• S.V.P Garden Extenstion - I: Rs 1,480 per sq.ft (2024)
• S.V.P.Garden: Rs 990 per sq.ft (2024)
• S.V.P.Avenue: Rs 990 per sq.ft (2024)
• Sri Sastha Nagar: Rs 720 per sq.ft (2024)

Stamp duty and registration fee for property in Thennarasu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 720 per sq.ft, the guideline value amounts to Rs 7,20,000. The stamp duty at 7% would be Rs 50,400, and the registration fee at 2% would be Rs 14,400, totaling Rs 64,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thennarasu Street?

The Sub Registrar Office that covers Thennarasu Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Serapanancheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps in calculating the financial obligations of both the buyer and seller. It ensures that the transaction is recorded accurately and transparently in the official records.

Frequently asked questions

What is the current guideline value of Thennarasu Street?

The current guideline value of Thennarasu Street is Rs 720 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 66%, from Rs 435 per sq.ft to Rs 720 per sq.ft in 2024.

What is the stamp duty rate applicable in Thennarasu Street?

The stamp duty rate applicable in Thennarasu Street is 7% of the guideline value or the sale price, whichever is higher.

How can I calculate the registration fee for a property in Thennarasu Street?

The registration fee for a property in Thennarasu Street is 2% of the guideline value or the sale price, whichever is higher. You can use a calculator to determine the exact amount.

Where can I find the Sub Registrar Office for Thennarasu Street?

The Sub Registrar Office for Thennarasu Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.