Guideline Value for THIRUKATCHUR PERIYAR NAGAR

Thirukatchur Periyar Nagar guideline value

The current guideline value of Thirukatchur Periyar Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Thirukkachur - 1 village under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Thirukatchur Periyar Nagar has changed

The guideline value for Thirukatchur Periyar Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in the 2017 revision. Following this, the value increased to Rs 500 per sq.ft in 2023, and currently stands at Rs 550 per sq.ft from the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

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

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, with the median being Rs 660 per sq.ft. Thirukatchur Periyar Nagar's current value is below this median.

• Thirukatchur Mainroad: Rs 880 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 Periyar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 5,50,000, the stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that 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 Thirukatchur Periyar Nagar?

The Sub Registrar Office that covers Thirukatchur Periyar Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration process of property transactions in Thirukkachur - 1. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is officially recorded. This value helps in maintaining transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thirukatchur Periyar Nagar?

The current guideline value of Thirukatchur Periyar Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024. The value has seen fluctuations, including a decrease from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017.

What is the registration office for Thirukatchur Periyar Nagar?

The registration office for Thirukatchur Periyar Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Thirukatchur Periyar Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 5,50,000, the stamp duty at 7% would be Rs 38,500.

What is the land classification of Thirukatchur Periyar Nagar?

Thirukatchur Periyar Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.