Guideline Value for Thendral Nagar 4th Street

Thendral Nagar 4th Street guideline value

The current guideline value of Thendral Nagar 4th 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 4th Street has changed

The guideline value of Thendral Nagar 4th Street has undergone several revisions over the years. In 2012, the value was set at Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and then to Rs 2,700 per sq.ft in 2024, marking an 8% increase from the previous year.

From 2017 to 2023, the guideline value rose by 49%. However, there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

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 guideline value of Thendral Nagar 4th Street.

• Thendral Nagar 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Thendral Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 6h Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Thendral Nagar 7th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thendral Nagar 4th 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 cost to Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thendral Nagar 4th Street?

The Madhavaram Sub Registrar Office covers Thendral Nagar 4th Street, 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 the registration of property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value as it influences the overall costs associated with the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration.

Frequently asked questions

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

The current guideline value of Thendral Nagar 4th 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 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What are the other streets in Kodungaiyur with their guideline values?

Other streets in Kodungaiyur include Thendral Nagar 4th Cross Street at Rs 2,200 per sq.ft, and Thendral Nagar 5th, 3rd, 6h, and 7th Streets all at Rs 2,700 per sq.ft.

What are the stamp duty and registration fees for properties in Thendral Nagar 4th 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.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.