Guideline Value for Thendral Street

Thendral Street guideline value

The current guideline value of Thendral Street is Rs 1,500 per sq.ft. This street is located in Vandalur village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Thendral Street has changed

The guideline value of Thendral Street has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. However, in the 2017 revision, it dropped to Rs 1,005 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2023 saw the guideline value rise to Rs 1,500 per sq.ft again, marking an increase of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained unchanged at Rs 1,500 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for Thendral Street.

Guideline values in Vandalur

Currently, there are no specific guideline values available for other streets in Vandalur under the Gooduvancheri SRO. Thendral Street stands at Rs 1,500 per sq.ft as per the latest revision.

Stamp duty and registration fee for property in Thendral Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value would be Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. 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 Street?

The Sub Registrar Office that covers Thendral Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration process of property transactions in Vandalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, it is essential to consider the guideline value, as it can impact the overall transaction costs. Buyers should be aware that the stamp duty and registration fees are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Thendral Street?

The current guideline value of Thendral Street is Rs 1,500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, and then back to Rs 1,500 per sq.ft in 2023. This reflects a 49% increase from 2017 to 2023.

What is the land classification of Thendral Street?

The land classification for Thendral Street is Residential Special Type - I.

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

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Where is the Sub Registrar Office for Thendral Street located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.