Guideline Value for Thendral Nagar 10th Street

Thendral Nagar 10th Street guideline value

The current guideline value of Thendral Nagar 10th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thendral Nagar 10th Street has changed

The guideline value for Thendral Nagar 10th Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, an increase from Rs 2,500 per sq.ft in the 2023 revision. Notably, there was no change from 2012 to 2023, where the value remained at Rs 2,500 per sq.ft. The register has no figure for the revisions in 2017, 2007, 2003, and 2002.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The change from 2023 to 2024 reflects an 8% increase as well, indicating a consistent upward adjustment in recent years.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which matches the current value for Thendral Nagar 10th Street. Below are other streets in Kodungaiyur:

• Thendral Nagar 11th Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 12th Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 13th Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Thendral Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 2nd Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thendral Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thendral Nagar 10th Street?

The Sub Registrar Office covering Thendral Nagar 10th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Thendral Nagar 10th Street?

The current guideline value of Thendral Nagar 10th Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, reflecting an 8% increase. There was no change from 2012 to 2023, where the value remained at Rs 2,500 per sq.ft.

What is the land classification for Thendral Nagar 10th Street?

Thendral Nagar 10th Street is classified as Residential Class I Type - I, indicating its designation for residential purposes within the area.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles registrations for properties in the area, including Thendral Nagar 10th Street.

How is stamp duty calculated for properties in Thendral Nagar?

Stamp duty for properties in Thendral Nagar is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at 7%.