Guideline Value for Tharangini Appartment

Tharangini Appartment guideline value

The current guideline value of Tharangini Appartment is Rs 3,600 per sq.ft, effective from 1 July 2024. It is located in 5. Athipattu village under the Konnur SRO, classified as Residential Special Type - II.

How the guideline value of Tharangini Appartment has changed

The guideline value for Tharangini Appartment has seen significant changes over the years. In the 2017 revision, the value was Rs 2,211 per sq.ft, which increased to Rs 3,300 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has set the value at Rs 3,600 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 63%. It's important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 5. Athipattu

In 5. Athipattu, the guideline values range from Rs 1,100 to Rs 7,650 per sq.ft as per the 2024 revision, with a median value of Rs 2,200 per sq.ft. The guideline value of Tharangini Appartment is above this median.

• The Chennai New City: Rs 1,600 per sq.ft (2024)
• The chennai newcity EXTN: Rs 2,200 per sq.ft (2024)
• Thamarai Street: Rs 2,200 per sq.ft (2024)
• Thamarabarani Street(ICF): Rs 2,400 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,300 per sq.ft (2024)
• Tamilnadu small scale Industries Owners Assn. Layout: Rs 3,601 per sq.ft (2024)

Stamp duty and registration fee for property in Tharangini Appartment

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value amounts to Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, totalling Rs 3,24,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Tharangini Appartment?

Tharangini Appartment falls under the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a crucial factor in property transactions in 5. Athipattu. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. Buyers should be aware that these charges are based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is recorded accurately, reflecting the current market conditions as set by the Registration Department. This helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Tharangini Appartment?

The current guideline value of Tharangini Appartment is Rs 3,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 2,211 per sq.ft to Rs 3,600 per sq.ft in 2024, showing an overall increase of 63%.

What are the stamp duty and registration fees for properties in Tharangini Appartment?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property, the total cost would be Rs 3,24,000.

Which office handles registrations for Tharangini Appartment?

The Konnur Sub Registrar Office handles registrations for Tharangini Appartment, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Tharangini Appartment?

Tharangini Appartment is classified as Residential Special Type - II under the Konnur SRO.