Guideline Value for Then Thiruppathy Nagar

Then Thiruppathy Nagar guideline value

The current guideline value of Then Thiruppathy Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under Kunnangulathur village and is classified as Residential Class I Type - I, governed by the Madurandakam SRO.

How the guideline value of Then Thiruppathy Nagar has changed

The guideline value for Then Thiruppathy Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 20 per sq.ft, which increased significantly to Rs 75 per sq.ft in 2012. However, in 2017, it rose further to Rs 50 per sq.ft, marking a 33% decrease from the previous revision. The value then saw a substantial increase of 100% to Rs 100 per sq.ft in 2023, and it has remained unchanged at Rs 100 per sq.ft in the 2024 revision.

It is important to note that there are no registered figures for Then Thiruppathy Nagar for the years 2002 and 2003. Overall, from 2007 to 2024, there has been a remarkable increase of 400% in the guideline value per sq.ft.

Guideline values in Kunnangulathur

In addition to Then Thiruppathy Nagar, there are other streets in Kunnangulathur under the Madurandakam SRO. The guideline values for these streets are as follows:

• Rajinikanth Nagar: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Then Thiruppathy Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total Rs 9,000. It is essential to note that the 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 Then Thiruppathy Nagar?

The Sub Registrar Office that covers Then Thiruppathy Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunnangulathur

The guideline value plays a critical role in the registration process when buying or selling property in Kunnangulathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is assessed to calculate the applicable fees. If the sale price is higher than the guideline value, the fees will be based on the sale price instead. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Then Thiruppathy Nagar?

The current guideline value of Then Thiruppathy Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 20 per sq.ft in 2007 to Rs 100 per sq.ft in 2024, representing a total increase of 400% over the years.

What are the registration fees for property in Then Thiruppathy Nagar?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000.

Which office handles registrations for Then Thiruppathy Nagar?

The Madurandakam Sub Registrar Office handles registrations for Then Thiruppathy Nagar, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

Are there other streets with guideline values in Kunnangulathur?

Yes, there are other streets in Kunnangulathur with their respective guideline values, such as Rajinikanth Nagar, which has a guideline value of Rs 103 per sq.ft as of 2024.