Guideline Value for Thendral

Thendral guideline value

The current guideline value of Thendral in Padoor village is Rs 1,209 per sq.ft, effective from 1 July 2024. This area falls under the Sunguvarchattram SRO and is classified as Residential Class III Type - I.

How the guideline value of Thendral has changed

The guideline value for Thendral has remained consistent at Rs 1,209 per sq.ft for both the 2023 and 2024 revisions. Prior to these, the register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

As per the 2024 revision, there has been no increase from the 2023 figure, reflecting a change of +0%. The stability in the guideline value suggests a consistent valuation for this area over the past two years.

Guideline values in Padoor

Padoor village has 22 streets under the Sunguvarchattram SRO, with 2024 guideline values ranging from Rs 150 to Rs 1,700 per sq.ft. The median guideline value for these streets is Rs 705 per sq.ft, placing Thendral's guideline value above this median.

• Susee Alight: Rs 810 per sq.ft (2024)
• SriRam Naidu veedhi: Rs 200 per sq.ft (2024)
• P.V.K Street: Rs 200 per sq.ft (2024)
• Poonnamallee TharSalai: Rs 200 per sq.ft (2024)
• MGR Street: Rs 150 per sq.ft (2024)
• Madha Koil Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Thendral

For a 1,000 sq.ft plot at the current guideline value of Rs 1,209 per sq.ft, the total guideline value amounts to Rs 12,09,000. The stamp duty at 7% would be Rs 84,630, and the registration fee at 2% would be Rs 24,180, resulting in a total cost of Rs 1,08,810. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thendral?

The Sub Registrar Office that covers Thendral is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process for property transactions in Padoor. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When registering a property, buyers and sellers must consider the guideline value to ensure compliance with local regulations. The fees are calculated based on this value, which helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Thendral?

The current guideline value of Thendral is Rs 1,209 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thendral has remained unchanged at Rs 1,209 per sq.ft for the revisions in 2023 and 2024. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Padoor?

Other streets in Padoor have varying guideline values ranging from Rs 150 to Rs 1,700 per sq.ft. The median for these streets is Rs 705 per sq.ft, with Thendral's value being above this median.

What fees are associated with property transactions in Thendral?

When transacting property in Thendral, the stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office located for Thendral?

The Sub Registrar Office for Thendral is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. This office handles all registration processes for properties in the area.