Guideline Value for Thendral Nagar

Thendral Nagar guideline value

The current guideline value of Thendral Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This locality is situated in Somangalam_B village, under the jurisdiction of the Sriperumpudur SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Thendral Nagar has changed

The guideline value for Thendral Nagar has undergone several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 335 per sq.ft. This figure remained unchanged in the 2023 revision, but in the 2024 revision, it increased to Rs 500 per sq.ft, marking a 49% increase from 2017 to 2024.

Between the 2023 and 2024 revisions, there was no change, maintaining the guideline value at Rs 500 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Somangalam_B

In Somangalam_B village, there are 79 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 2,500 per sq.ft. The median value among these streets is Rs 250 per sq.ft, indicating that Thendral Nagar's 2024 figure is above the median.

• Thillai Nagar: Rs 200 per sq.ft (2024)
• Thangam Nagar - III Extension: Rs 250 per sq.ft (2024)
• Thangam Nagar-III: Rs 250 per sq.ft (2024)
• Thangam Nagar-II: Rs 250 per sq.ft (2024)
• Thangam Nagar: Rs 250 per sq.ft (2024)
• Thiruvallur Road: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Thendral Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty is charged at 7%, resulting in Rs 35,000, while the registration fee is charged at 2%, amounting to Rs 10,000. Together, the total costs would be Rs 45,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Thendral Nagar?

The Sub Registrar Office that covers Thendral Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Somangalam_B

The guideline value is a critical factor during the registration of property transactions in Somangalam_B. It is used to determine the stamp duty and registration fees applicable to the property being bought or sold.

Frequently asked questions

What is the current guideline value of Thendral Nagar?

The current guideline value of Thendral Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thendral Nagar has remained at Rs 500 per sq.ft from 2023 to 2024. However, it increased by 49% from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2024.

What is the land classification for Thendral Nagar?

The land classification for Thendral Nagar is Commercial Class I Type - I, indicating its use for commercial purposes.

What are the stamp duty and registration fees for property in Thendral Nagar?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Thendral Nagar located?

The Sub Registrar Office for Thendral Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.