Guideline Value for THERKKU PATTARAI

Therkku Pattarai guideline value

The current guideline value for Therkku Pattarai is Rs 3,300 per sq.ft, effective from 1 July 2024. This village falls under the Kanchipuram Joint II SRO and is classified as Residential Special Type - III.

How the guideline value of Therkku Pattarai has changed

The guideline value for Therkku Pattarai has seen several revisions over the years. In 2003, the value was Rs 231 per sq.ft, which increased to Rs 250 per sq.ft in 2007. The 2012 revision brought the value to Rs 3,000 per sq.ft, followed by a decrease to Rs 2,010 per sq.ft in 2017. The value then rose to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft from the 2024 revision.

Between the revisions, the most significant change was from 2007 to 2012, with an increase of 1100%. The value increased by 49% from 2017 to 2023 and by 10% from 2023 to 2024. The overall change from 2003 to 2024 is a substantial increase of 1329%. The register has no figure for this street in 2002.

Guideline values in KANCHIPURAM TOWN 3rd DIVISION

In KANCHIPURAM TOWN 3rd DIVISION, there are 48 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. Therkku Pattarai's 2024 figure of Rs 3,300 per sq.ft is above this median.

• Thayar Kulam Street: Rs 880 per sq.ft (2024)
• Thanappan Nayakkan Street: Rs 1,100 per sq.ft (2024)
• Thirumal Raja Street: Rs 880 per sq.ft (2024)
• Thirumettraleswarar Koil Street: Rs 1,100 per sq.ft (2024)
• Sundari Avenue Extension: Rs 3,300 per sq.ft (2024)
• Thiruvegampan Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Therkku Pattarai

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Therkku Pattarai?

The Sub Registrar Office that covers Therkku Pattarai is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in KANCHIPURAM TOWN 3rd DIVISION

The guideline value is a crucial factor when registering property transactions in KANCHIPURAM TOWN 3rd DIVISION. It determines the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable fees. The fees are based on the higher of the guideline value or the actual sale price, ensuring that the registration process is fair and transparent.

Frequently asked questions

What is the current guideline value of Therkku Pattarai?

The current guideline value of Therkku Pattarai is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, from Rs 231 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 1329%.

What is the land classification for Therkku Pattarai?

Therkku Pattarai is classified as Residential Special Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Therkku Pattarai?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 2,97,000 in fees.

Where can I find the Sub Registrar Office for Therkku Pattarai?

The Kanchipuram Joint II Sub Registrar Office covers Therkku Pattarai and is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.