Guideline Value for THIRUKATCHUR MAINROAD

Thirukatchur Mainroad guideline value

The current guideline value of Thirukatchur Mainroad is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Thirukkachur - 1 village, under the Chengleput Joint II SRO, with a land classification of Mixed Special Type - I.

How the guideline value of Thirukatchur Mainroad has changed

Looking at the historical revisions, the guideline value for Thirukatchur Mainroad has seen several changes over the years. In the 2012 revision, the value was set at Rs 800 per sq.ft. This figure was then reduced to Rs 536 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 800 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 880 per sq.ft, which is a 10% increase from the previous year.

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

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 3,300 per sq.ft. The median value for these streets is Rs 660 per sq.ft, placing Thirukatchur Mainroad's 2024 figure above this median.

• Thirukatchur Periyar Nagar: Rs 550 per sq.ft (2024)
• Thirukatchur South: Rs 550 per sq.ft (2024)
• Thiyagarajapuram Nagar: Rs 660 per sq.ft (2024)
• Thiyagarajar Street: Rs 550 per sq.ft (2024)
• Thriuvallurvar Street: Rs 550 per sq.ft (2024)
• Tnhb Thirukatchur: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thirukatchur Mainroad

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty, charged at 7%, would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600. Together, the total cost for stamp duty and registration would be Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirukatchur Mainroad?

The Sub Registrar Office that covers Thirukatchur Mainroad is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Thirukkachur - 1

The guideline value plays a crucial role in property transactions in Thirukkachur - 1. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official rates set by the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it can directly impact the overall cost of the transaction. Accurate knowledge of these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Thirukatchur Mainroad?

The current guideline value of Thirukatchur Mainroad is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Thirukatchur Mainroad?

For a 1,000 sq.ft plot, the total guideline value is Rs 8,80,000. The stamp duty is Rs 61,600, and the registration fee is Rs 17,600, making the total Rs 79,200.

Which Sub Registrar Office covers Thirukatchur Mainroad?

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

What is the land classification for Thirukatchur Mainroad?

The land classification for Thirukatchur Mainroad is Mixed Special Type - I, which indicates the specific zoning and usage regulations applicable to this area.