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 located in Sattamangalam village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - III.

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

The guideline value for Thenral Nagar (Kr) has seen several revisions over the years. In 2012, the guideline value was set at Rs 600 per sq.ft. This figure remained unchanged until the next revision in 2017, where it decreased to Rs 402 per sq.ft, marking a significant drop of 33%. However, by 2023, the value rose to Rs 600 per sq.ft again, and in the latest revision for 2024, it increased further to Rs 660 per sq.ft, reflecting a 10% rise.

Between the revisions, the most notable change occurred from 2017 to 2023, where the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

Sattamangalam village has a total of 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft in 2024. The median guideline value in this area is Rs 1,100 per sq.ft, placing the guideline value of Thenral Nagar (Kr) 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 amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total 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. For more details, you can use the stamp duty and registration fee calculator.

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 Sattamangalam

The guideline value is a crucial factor in property transactions in Sattamangalam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements. The guideline value serves as a benchmark for property transactions and is regularly updated to reflect changes in the real estate market.

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 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

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

The land classification for Thenral Nagar (Kr) is Residential Class I Type - III.

What are the guideline values of other streets in Sattamangalam?

Other streets in Sattamangalam have guideline values ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Thenral Nagar (Kr) is below this median.

Where is the Chengleput Joint II Sub Registrar Office located?

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