Guideline Value for Thendral Nagar 4th Cross Street

Thendral Nagar 4th Cross Street guideline value

The current guideline value of Thendral Nagar 4th 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 and is classified as Residential Class II Type - I.

How the guideline value of Thendral Nagar 4th Cross Street has changed

The guideline value for Thendral Nagar 4th Cross Street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. However, the most recent revision in 2024 has increased the value to Rs 2,200 per sq.ft, marking a significant increase of 64% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 10%.

For the years 2002, 2003, 2007, and 2023, the register has no figure for this street. The changes in guideline values reflect the adjustments made by the authorities based on various factors impacting the real estate landscape.

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 as per the 2024 revision. The median guideline value in this area is Rs 2,700 per sq.ft, placing Thendral Nagar 4th Cross Street's 2024 figure below that median.

• Thendral Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Thendral Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 6h Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thendral Nagar 4th 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, charged at 7%, would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thendral Nagar 4th Cross Street?

The Sub Registrar Office that covers Thendral Nagar 4th Cross 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 crucial factor during property registration in Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and transparently.

When buying or selling property, the guideline value influences the calculation of applicable stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thendral Nagar 4th Cross Street?

The current guideline value of Thendral Nagar 4th 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, and then to Rs 2,200 per sq.ft in 2024, reflecting a 64% increase from 2017 to 2024.

What is the land classification for Thendral Nagar 4th Cross Street?

Thendral Nagar 4th Cross Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060, which covers Thendral Nagar 4th Cross Street.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum value for property registration and influences the calculation of stamp duty and registration fees, which are necessary costs in property transactions.