Guideline Value for Thendral Nagar 6h Street

Thendral Nagar 6h Street guideline value

The current guideline value of Thendral Nagar 6h Street is Rs 2,700 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 I Type - I.

How the guideline value of Thendral Nagar 6h Street has changed

The guideline value for Thendral Nagar 6h Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was followed by a decrease to Rs 1,675 per sq.ft in the 2017 revision. However, the most recent 2024 revision has increased the value to Rs 2,700 per sq.ft, marking a significant increase of 61% from 2017 to 2024.

Between the 2012 and 2017 revisions, there was a decrease of 33%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 8%. It is important to note that the register has no figures for the years 2023, 2007, 2003, and 2002 for this street.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 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. The median value for these streets is Rs 2,700 per sq.ft, which aligns with the current guideline value for Thendral Nagar 6h Street.

• Thendral Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 7th Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 8th Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Thendral Nagar 3rd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thendral Nagar 6h Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be 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 the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thendral Nagar 6h Street?

The Sub Registrar Office that covers Thendral Nagar 6h 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 government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller should be aware of the guideline value to avoid disputes during registration. It is advisable to consult the latest guideline values to ensure compliance with the regulations set by the Madhavaram SRO.

Frequently asked questions

What is the current guideline value for Thendral Nagar 6h Street?

The current guideline value for Thendral Nagar 6h 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. There were no figures available for the years 2023, 2007, 2003, and 2002.

What is the classification of Thendral Nagar 6h Street?

Thendral Nagar 6h 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% of the guideline value, and the registration fee is 2%. For a property valued at Rs 27,00,000, the total fees would amount to 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. This office handles the registration of properties in the area.