Guideline Value for Thencolony Pudhuvattaram

Thencolony Pudhuvattaram guideline value

The current guideline value of Thencolony Pudhuvattaram is Rs 1,540 per sq.ft, effective from 1 July 2024. This village is part of the Kunrathur Sub Registrar Office (SRO) in the Chennai zone, classified as Residential Class II Type - I.

How the guideline value of Thencolony Pudhuvattaram has changed

Since the 2017 revision, the guideline value for Thencolony Pudhuvattaram has increased from Rs 938 per sq.ft to Rs 1,540 per sq.ft in the 2024 revision. The changes are as follows: from 2017 to 2023, the value rose by 49% to Rs 1,400 per sq.ft, and then increased by an additional 10% to reach the current value of Rs 1,540 per sq.ft.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,870 per sq.ft. The guideline value for Thencolony Pudhuvattaram is below this median.

• Then Colony Ist Road to IIIrd Road: Rs 1,870 per sq.ft (2024)
• Then Colony Street: Rs 1,870 per sq.ft (2024)
• Thencolony: Rs 1,870 per sq.ft (2024)
• Therkku Theru (West Street): Rs 1,540 per sq.ft (2024)
• Thirupathy Nagar: Rs 1,980 per sq.ft (2024)
• Thiruvalluvar City I: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thencolony Pudhuvattaram

For a 1,000 sq.ft plot at the current rate of Rs 1,540 per sq.ft, the guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, making the total Rs 1,38,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Thencolony Pudhuvattaram?

The Thencolony Pudhuvattaram area falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a crucial factor when registering property transactions in Mangadu -A. It serves as a basis for calculating the stamp duty and registration fees, which are mandatory for any property sale or purchase.

When you decide to buy or sell property, the guideline value ensures that the transaction is recorded accurately, reflecting the official value set by the government. This helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Thencolony Pudhuvattaram?

The current guideline value of Thencolony Pudhuvattaram is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, from Rs 938 per sq.ft in 2017 to Rs 1,540 per sq.ft in 2024.

What is the land classification of Thencolony Pudhuvattaram?

Thencolony Pudhuvattaram is classified as Residential Class II Type - I.

Which office handles registrations for Thencolony Pudhuvattaram?

The Kunrathur Sub Registrar Office handles registrations for Thencolony Pudhuvattaram, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Thencolony Pudhuvattaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total of Rs 1,38,600 in stamp duty and registration fees.