Guideline Value for Thendral Nagar 3rd Street

Thendral Nagar 3rd Street guideline value

The current guideline value of Thendral Nagar 3rd Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class I Type - I.

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

The guideline value for Thendral Nagar 3rd Street has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, an increase of 8% from the 2023 revision, which was Rs 2,500 per sq.ft. The 2012 revision also recorded a guideline value of Rs 2,500 per sq.ft, indicating no change from 2012 to 2023.

There are no figures available for the revisions in 2017, 2007, 2003, and 2002 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 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 is Rs 2,700 per sq.ft, which is the same as the current value for Thendral Nagar 3rd Street.

• Thendral Nagar 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Thendral Nagar 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Thendral Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Thendral Nagar 5th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thendral Nagar 3rd 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, bringing the total to Rs 2,43,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thendral Nagar 3rd Street?

The Thendral Nagar 3rd Street falls under 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 is a crucial component in the registration process of property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property, which is essential for both buyers and sellers. It is important to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

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

The current guideline value of Thendral Nagar 3rd 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, with the value remaining at Rs 2,500 per sq.ft.

What is the classification of Thendral Nagar 3rd Street?

Thendral Nagar 3rd Street is classified as Residential Class I Type - I under the Madhavaram SRO.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value. For a property valued at Rs 27,00,000, the total fees would amount to Rs 2,43,000.

Where can I find the Sub Registrar Office for Thendral Nagar 3rd Street?

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