Guideline Value for THRIUKATCHUR SCHEME (CHEN)

Thriukatchur Scheme (Chen) guideline value

The current guideline value for Thriukatchur Scheme (Chen) is Rs 1,320 per sq.ft, effective from 1 July 2024. This property is located in Sengundram - 1 village under the Chengleput Joint II SRO, classified as Residential Special Type - II.

How the guideline value of Thriukatchur Scheme (Chen) has changed

Since the 2012 revision, the guideline value has undergone several changes. In 2012, the value was Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in 2017. Following this, the value increased to Rs 1,200 per sq.ft in 2023, and then to Rs 1,320 per sq.ft in 2024. The register has no figure for the years 2002, 2003, and 2007 for this street.

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

Guideline values in Sengundram - 1

In Sengundram - 1 village, 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. The median guideline value is Rs 880 per sq.ft, making Thriukatchur Scheme (Chen)'s 2024 figure above this median.

• Thulir: Rs 1,320 per sq.ft (2024)
• Vagrathunda Nagar (Chen): Rs 660 per sq.ft (2024)
• Thirumurugan Nagar (Chen): Rs 880 per sq.ft (2024)
• Thirumalai Nagar (Chen): Rs 880 per sq.ft (2024)
• Thilakar V O C Nagar (Chen): Rs 660 per sq.ft (2024)
• Thilakar Street (Chen): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Thriukatchur Scheme (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. 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 precise calculations.

Which Sub Registrar Office covers Thriukatchur Scheme (Chen)?

The Thriukatchur Scheme (Chen) falls under 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Sengundram - 1. It serves as a benchmark for determining the minimum value of property transactions, ensuring that properties are registered at a fair value.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, which are mandatory for legal property transactions. This ensures that both buyers and sellers adhere to the established property value standards set by the Registration Department.

Frequently asked questions

What is the current guideline value for Thriukatchur Scheme (Chen)?

The current guideline value for Thriukatchur Scheme (Chen) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What are the other streets in Sengundram - 1?

Other streets in Sengundram - 1 include Thulir, Vagrathunda Nagar (Chen), Thirumurugan Nagar (Chen), Thirumalai Nagar (Chen), Thilakar V O C Nagar (Chen), and Thilakar Street (Chen), each with their respective guideline values.

How is stamp duty calculated in Thriukatchur Scheme (Chen)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 92,400 based on the current guideline value.

Where can I find my Sub Registrar Office?

The Sub Registrar Office covering Thriukatchur Scheme (Chen) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details online.