Guideline Value for THIRUKATCHUR SOUTH

Thirukatchur South guideline value

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

How the guideline value of Thirukatchur South has changed

The guideline value for Thirukatchur South has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was then decreased 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 figure for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%, and from 2017 to 2023, it increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase. 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 with 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, making the 2024 figure for Thirukatchur South below that median.

• Thirukatchur Periyar Nagar: Rs 550 per sq.ft (2024)
• Thirukatchur Mainroad: Rs 880 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 South

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirukatchur South?

The Sub Registrar Office that covers Thirukatchur South 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 Thirukkachur - 1

The guideline value is a crucial factor in the property registration process in Thirukkachur - 1. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the baseline value of the property. This value is used to calculate the applicable stamp duty and registration fees, which are mandatory for completing the transaction legally.

Frequently asked questions

What is the current guideline value of Thirukatchur South?

The current guideline value of Thirukatchur South 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 from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Thirukatchur South?

Thirukatchur South is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 550 per sq.ft would incur a total fee of Rs 49,500.

Where is the Sub Registrar Office for Thirukatchur South located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.