Guideline Value for THENRAL NAGAR (KR)

Thenral Nagar (Kr) guideline value

The current guideline value of Thenral Nagar (Kr) is Rs 660 per sq.ft, effective from 1 July 2024. This area is part of Kattankollatur village under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Thenral Nagar (Kr) has changed

The guideline value for Thenral Nagar (Kr) has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 660 per sq.ft, an increase from Rs 600 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the value was Rs 402 per sq.ft, which shows a significant increase of 49% to the 2023 figure. In 2012, the value was Rs 600 per sq.ft, which was a decrease of 33% from the 2017 figure.

Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur village has 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median value in this area is Rs 1,100 per sq.ft, indicating that the guideline value for Thenral Nagar (Kr) is below this median.

• Thembavani Street (N): Rs 1,320 per sq.ft (2024)
• Thilagar Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thirugnanasambanthar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Thaniskeyar (Per): Rs 1,320 per sq.ft (2024)
• Thirukkural Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thirukoodarasappar Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thenral Nagar (Kr)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Thenral Nagar (Kr)?

The Sub Registrar Office that covers Thenral Nagar (Kr) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the government registry.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures that the government receives the appropriate revenue from property transactions, based on the established rates.

Frequently asked questions

What is the current guideline value of Thenral Nagar (Kr)?

The current guideline value of Thenral Nagar (Kr) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, a 10% increase. It was Rs 402 per sq.ft in 2017 and Rs 600 per sq.ft in 2012.

What is the land classification of Thenral Nagar (Kr)?

Thenral Nagar (Kr) is classified as Residential Class I Type - III.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Thenral Nagar (Kr)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 at a rate of 7%.