Guideline Value for Thendral Nagar 3rd Cross Street

Thendral Nagar 3rd Cross Street guideline value

The current guideline value of Thendral Nagar 3rd Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Thendral Nagar 3rd Cross Street has changed

The guideline value for Thendral Nagar 3rd Cross Street has undergone several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased to Rs 2,000 per sq.ft in 2023, and then rose to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The overall change from 2012 to 2024 shows a 10% increase.

Between the revisions, the value increased by 49% from 2017 to 2023. It is important to note that the guideline register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft in 2024. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Thendral Nagar 3rd Cross Street's value below this median.

• Thendral Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Thendral Nagar 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Thendral Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 1st Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thendral Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thendral Nagar 3rd Cross Street?

The Thendral Nagar 3rd Cross Street falls under the Madhavaram Sub Registrar Office located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Kodungaiyur. It is used to determine the stamp duty and registration fees when registering a property sale. Buyers and sellers must be aware of the current guideline value to ensure that they are compliant with the legal requirements during the transaction.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable taxes. It is essential for both parties to understand that the registration fees and stamp duty are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Thendral Nagar 3rd Cross Street?

The current guideline value of Thendral Nagar 3rd Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Thendral Nagar 3rd Cross Street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Thendral Nagar 3rd Cross Street?

The Madhavaram Sub Registrar Office handles registrations for Thendral Nagar 3rd Cross Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Thendral Nagar 3rd Cross Street?

The land classification for Thendral Nagar 3rd Cross Street is Residential Class II Type - I.