Guideline Value for Thenral Nagar

Thenral Nagar guideline value

The current guideline value of Thenral Nagar, located in Uoonamali village under the Madurandakam SRO, is Rs 200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Thenral Nagar has changed

The guideline value for Thenral Nagar has undergone several revisions over the years. In 2007, the value was set at Rs 25 per sq.ft, which saw a significant increase to Rs 200 per sq.ft in 2012. However, this value decreased to Rs 134 per sq.ft in 2017. The revision in 2023 maintained the value at Rs 200 per sq.ft, and the same value persists in the 2024 revision, indicating no change from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 700%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Uoonamali

In Uoonamali village, there are 12 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 701 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which is equal to the guideline value of Thenral Nagar.

• Sundar Avenue: Rs 200 per sq.ft (2024)
• Sri Venkateshwara Nagar Phase-I: Rs 600 per sq.ft (2024)
• Srinivasa Avenue: Rs 200 per sq.ft (2024)
• Vetrivel Nagar: Rs 200 per sq.ft (2024)
• Saravana Nagar: Rs 701 per sq.ft (2024)
• Ram Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Thenral Nagar

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to 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 information.

Which Sub Registrar Office covers Thenral Nagar?

The Sub Registrar Office that covers Thenral Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Uoonamali. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established rates.

When a property transaction occurs, the guideline value helps in assessing the official value of the property, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Thenral Nagar?

The current guideline value of Thenral Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 25 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, decreased to Rs 134 per sq.ft in 2017, and remained at Rs 200 per sq.ft from 2023 to 2024.

What is the land classification for Thenral Nagar?

The land classification for Thenral Nagar is Residential Class I Type - I.

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

The Sub Registrar Office for Thenral Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the stamp duty calculated for property in Thenral Nagar?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000, leading to a stamp duty of Rs 14,000.