Guideline Value for Thendral Nagar

Thendral Nagar guideline value

The current guideline value of Thendral Nagar is Rs 302 per sq.ft, effective from 1 July 2024. This street is located in Manampathi village under the Uthiramerur SRO, classified as Residential Class III Type - III.

How the guideline value of Thendral Nagar has changed

The guideline value for Thendral Nagar has remained consistent at Rs 302 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to that, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

From 2023 to 2024, there was no change in the guideline value, indicating a stability in the pricing for this period. The most recent revision reflects the same rate as the previous year, maintaining the established value.

Guideline values in Manampathi

In total, there are 13 streets in Manampathi under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 201 to Rs 329 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, placing Thendral Nagar's 2024 figure above this median.

• Sri Lakshmi Nagar: Rs 302 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 201 per sq.ft (2024)
• Madha Nagar - II: Rs 302 per sq.ft (2024)
• Balaji Nagar: Rs 302 per sq.ft (2024)
• Anu Avenue: Rs 263 per sq.ft (2024)
• Sri Ganapathy Nagar Extension: Rs 201 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 302 per sq.ft, the total guideline value would be Rs 3,02,000. The stamp duty at 7% would amount to Rs 21,140, and the registration fee at 2% would be Rs 6,040, making the total cost for these fees Rs 27,180. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thendral Nagar?

The Sub Registrar Office that covers Thendral Nagar is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Manampathi, as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees, which are essential components of the property transaction process.

When a property is sold, the guideline value ensures that the transaction is registered at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Thendral Nagar?

The current guideline value of Thendral Nagar is Rs 302 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 302 per sq.ft since the 2023 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the guideline values for other streets in Manampathi?

Other streets in Manampathi have varying guideline values, with rates ranging from Rs 201 to Rs 329 per sq.ft. The median value is Rs 300 per sq.ft, with Thendral Nagar's value being above this median.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the same value, contributing to the overall cost of property registration.

Where can I find the Sub Registrar Office for Thendral Nagar?

The Sub Registrar Office for Thendral Nagar is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.