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Guideline Value

Corporate

Guideline Value for THILAKAR V O C NAGAR (CHEN)

₹660/sq.ft.

The guideline value for Thilakar V O C Nagar (chen) in Sengundram - 1 village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Sengundram - 1

Village

Chengleput Joint II

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Thilakar V O C Nagar (chen)

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Thilakar V O C Nagar (Chen) guideline value

The current guideline value for Thilakar V O C Nagar (Chen) is Rs 660 per sq.ft. This area is located in Sengundram - 1 village under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

How the guideline value of Thilakar V O C Nagar (Chen) has changed

The guideline value for Thilakar V O C Nagar (Chen) has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 600 per sq.ft in the 2023 revision, and currently, it stands at Rs 660 per sq.ft as per the 2024 revision. The changes between these revisions include a decrease of 33% from 2012 to 2017, followed by a substantial increase of 49% from 2017 to 2023, and a further 10% increase from 2023 to 2024.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft, with a median value of Rs 880 per sq.ft. The guideline value for Thilakar V O C Nagar (Chen) is below this median.

Stamp duty and registration fee for property in Thilakar V O C Nagar (Chen)

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 together to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thilakar V O C Nagar (Chen)?

The Sub Registrar Office that covers Thilakar V O C Nagar (Chen) 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 Sengundram - 1

The guideline value plays a crucial role during property transactions in Sengundram - 1, as it determines the minimum value at which a property can be registered. This value is essential for calculating stamp duty and registration fees, which are mandatory during the buying or selling process.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value for Thilakar V O C Nagar (Chen)?

The current guideline value for Thilakar V O C Nagar (Chen) is Rs 660 per sq.ft as per the 2024 revision.

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 increased to Rs 600 per sq.ft in 2023, and currently stands at Rs 660 per sq.ft in 2024.

What is the land classification for Thilakar V O C Nagar (Chen)?

Thilakar V O C Nagar (Chen) is classified as Residential Class I Type - III.

What are the other streets in Sengundram - 1 and their guideline values?

Other streets in Sengundram - 1 include Thilakar Street (Chen) at Rs 660 per sq.ft, Thatchab Avenue (Chen) at Rs 770 per sq.ft, Thirumalai Nagar (Chen) at Rs 880 per sq.ft, Thirumurugan Nagar (Chen) at Rs 880 per sq.ft, Tank Street (Chen) at Rs 660 per sq.ft, and Swamidass Nagar (Chen) at Rs 770 per sq.ft.

Where can I find the Sub Registrar Office for Thilakar V O C Nagar (Chen)?

The Sub Registrar Office for Thilakar V O C Nagar (Chen) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.