Guideline Value for Thendral Nagar 5th Street

Thendral Nagar 5th Street guideline value

The current guideline value of Thendral Nagar 5th 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 5th Street has changed

The guideline value for Thendral Nagar 5th Street has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. However, the most recent 2024 revision has increased the guideline value to Rs 2,700 per sq.ft, reflecting a significant rise of 61% from the 2017 figure.

Overall, comparing the 2012 and 2024 revisions, there has been a slight increase of 8% in the guideline value. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft, with the median value being Rs 2,700 per sq.ft. Thendral Nagar 5th Street's 2024 guideline value is equal to this median.

• Thendral Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 6h Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Thendral Nagar 7th Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 8th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thendral Nagar 5th 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 for these fees 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thendral Nagar 5th Street?

The Sub Registrar Office that covers Thendral Nagar 5th 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 is a crucial factor when registering property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Thendral Nagar 5th Street?

The current guideline value of Thendral Nagar 5th 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, and then increased to Rs 2,700 per sq.ft in 2024. This reflects a rise of 61% from 2017 to 2024 and an overall increase of 8% from 2012 to 2024.

What is the land classification for Thendral Nagar 5th Street?

Thendral Nagar 5th Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Thendral Nagar 5th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,89,000 at a rate of 7%.