Guideline Value for Thennattu Gandhi Anna nagar (T.N.S.C.B)

Thennattu Gandhi Anna nagar (T.N.S.C.B) guideline value

The current guideline value for Thennattu Gandhi Anna nagar (T.N.S.C.B) is Rs 2,800 per sq.ft, effective from 1 July 2024. This area falls under Ambattur village, managed by the Ambattur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Thennattu Gandhi Anna nagar (T.N.S.C.B) has changed

The guideline value for Thennattu Gandhi Anna nagar has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,800 per sq.ft, an increase of 8% from Rs 2,600 per sq.ft in 2023. Prior to that, the 2017 revision recorded a value of Rs 1,742 per sq.ft, marking a significant increase of 49% to the 2023 figure. The 2012 revision also had a guideline value of Rs 2,600 per sq.ft, which was a decrease of 33% from the 2017 figure.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 figure to the 2024 figure shows a modest increase of 8% over the years.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. The guideline value for Thennattu Gandhi Anna nagar is below this median.

• Thevarajulu Naidu Street: Rs 4,600 per sq.ft (2024)
• Thirukkural Main Road: Rs 3,600 per sq.ft (2024)
• Thirumoorthy Street: Rs 3,600 per sq.ft (2024)
• Thagoor Street(krishnapuram): Rs 4,600 per sq.ft (2024)
• Telephone exchange Road: Rs 6,600 per sq.ft (2024)
• Thirupathi Kodai Street: Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Thennattu Gandhi Anna nagar (T.N.S.C.B)

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. It is important to note that 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 Thennattu Gandhi Anna nagar (T.N.S.C.B)?

The Sub Registrar Office covering Thennattu Gandhi Anna nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on an official valuation.

Both buyers and sellers should be aware that the guideline value can impact the overall cost of the transaction. It is essential to consider the guideline value when negotiating sale prices to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value for Thennattu Gandhi Anna nagar?

The current guideline value for Thennattu Gandhi Anna nagar (T.N.S.C.B) is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,742 per sq.ft in 2017 to Rs 2,800 per sq.ft in 2024, with several revisions in between, including Rs 2,600 per sq.ft in 2023 and 2012.

What is the registration fee for properties in Thennattu Gandhi Anna nagar?

The registration fee for properties in Thennattu Gandhi Anna nagar is calculated based on the guideline value. For example, for a property valued at Rs 28,00,000, the registration fee would be Rs 56,000 at a rate of 2%.

Where is the Sub Registrar Office for Thennattu Gandhi Anna nagar located?

The Sub Registrar Office for Thennattu Gandhi Anna nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How does the guideline value affect property transactions?

The guideline value affects property transactions by serving as the basis for calculating stamp duty and registration fees. It ensures that properties are registered at a fair value, which is used to determine the costs associated with buying or selling property.