Guideline Value for Thencolony

Thencolony guideline value

The current guideline value of Thencolony is Rs 1,870 per sq.ft, effective from 1 July 2024. This village is part of the Kunrathur SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Thencolony has changed

The guideline value for Thencolony has seen several revisions over the years. The 2017 revision recorded a value of Rs 1,139 per sq.ft, which increased to Rs 1,700 per sq.ft in 2023. The most recent revision in 2024 has set the value at Rs 1,870 per sq.ft, marking a 10% increase from the previous year. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and the overall increase from 2017 to 2024 is 64%. This steady rise reflects the changing landscape of property values in the area.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value is Rs 1,870 per sq.ft, which is the same as the current value for Thencolony.

• Then Colony Ist Road to IIIrd Road: Rs 1,870 per sq.ft (2024)
• Thencolony Pudhuvattaram: Rs 1,540 per sq.ft (2024)
• Then Colony Street: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value amounts to Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total cost for these fees to Rs 1,68,300. It is important to 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 information on calculating fees.

Which Sub Registrar Office covers Thencolony?

The Thencolony area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more details, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Mangadu -A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects the official valuation set by the authorities.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. It is essential for buyers and sellers to be aware of this value to ensure compliance with local regulations and accurate financial planning.

Frequently asked questions

What is the current guideline value of Thencolony?

The current guideline value of Thencolony is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,139 per sq.ft in 2017 to Rs 1,870 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for property in Thencolony?

For a 1,000 sq.ft plot, the total guideline value is Rs 18,70,000. The stamp duty is Rs 1,30,900, and the registration fee is Rs 37,400, totaling Rs 1,68,300.

Which Sub Registrar Office covers Thencolony?

The Kunrathur Sub Registrar Office covers Thencolony, located at No.59, Road Street, Kundrathur, Chennai -600 069.

Where can I find more information about guideline values in Mangadu -A?

You can find more information about guideline values in Mangadu -A by checking the official register or visiting the local SRO for detailed insights.