Guideline Value for THILLAI NATARAJA NAGAR

Thillai Nataraja Nagar guideline value

The current guideline value of Thillai Nataraja Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024. This area is located in Chikkarayapuram village under the Kunrathur SRO and is classified as Residential Class I Type - I.

How the guideline value of Thillai Nataraja Nagar has changed

The guideline value for Thillai Nataraja Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which was then reduced to Rs 1,072 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,600 per sq.ft in 2023 and further rose to Rs 1,760 per sq.ft in the 2024 revision. The register has no figure for this street in 2002, 2003, or 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a 10% increase.

Guideline values in Chikkarayapuram

In Chikkarayapuram, there are 61 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 2,800 per sq.ft, with a median value of Rs 1,980 per sq.ft. The guideline value for Thillai Nataraja Nagar is below this median.

• Thangam Avenue Phase II: Rs 1,760 per sq.ft (2024)
• Sushilammal Nagar: Rs 1,980 per sq.ft (2024)
• Sunder Avenue Annexe: Rs 1,760 per sq.ft (2024)
• Sunder Avenue: Rs 1,980 per sq.ft (2024)
• Sueelambal Nagar: Rs 1,870 per sq.ft (2024)
• Subramani Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Nataraja Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. 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 further calculations.

Which Sub Registrar Office covers Thillai Nataraja Nagar?

The Thillai Nataraja Nagar area falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial reference point during property transactions in Chikkarayapuram. It is used to determine the stamp duty and registration fees payable when a property is bought or sold, ensuring that the government receives the appropriate revenue from property transactions.

When registering a property, the guideline value serves as a benchmark to assess the fair value of the property. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thillai Nataraja Nagar?

The current guideline value of Thillai Nataraja Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,760 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Thillai Nataraja Nagar?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would amount to Rs 1,58,400.

Which Sub Registrar Office handles property registrations in this area?

The Kunrathur Sub Registrar Office handles property registrations for Thillai Nataraja Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It serves as a benchmark for assessing the property's value and ensures that the appropriate revenue is collected by the government.