Guideline Value for Thendral Nagar 13th Street

Thendral Nagar 13th Street guideline value

The current guideline value of Thendral Nagar 13th 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 13th Street has changed

Looking at the revisions, the guideline value for Thendral Nagar 13th Street was Rs 2,500 per sq.ft in 2012 and remained unchanged until the 2023 revision, which also recorded Rs 2,500 per sq.ft. However, in the 2024 revision, the value increased to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2017 for this street in the register.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that have a guideline value for 2024, 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 is equal to the current value of Thendral Nagar 13th Street.

• Thendral Nagar 12th Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Thendral Nagar 11th Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 10th 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 13th Street

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

You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Thendral Nagar 13th Street?

The Sub Registrar Office that covers Thendral Nagar 13th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Kodungaiyur. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is officially recorded.

Frequently asked questions

What is the current guideline value of Thendral Nagar 13th Street?

The current guideline value of Thendral Nagar 13th 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 increased from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 8%. The value remained unchanged at Rs 2,500 per sq.ft from 2012 to 2023.

What are the stamp duty and registration fees for property in Thendral Nagar 13th Street?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Thendral Nagar 13th Street?

The Madhavaram Sub Registrar Office handles property registrations for Thendral Nagar 13th Street. It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the guideline value determined in Kodungaiyur?

The guideline value in Kodungaiyur is determined by the government and is subject to periodic revisions. It reflects the minimum value for property registration and is based on various factors, including land classification and location.