Guideline Value for Thenthirupathi Nagar

Thenthirupathi Nagar guideline value

The current guideline value of Thenthirupathi Nagar is Rs 4,900 per sq.ft, effective from 1 July 2024. This area is located in Mugappair village and falls under the Konnur SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Thenthirupathi Nagar has changed

In the 2023 revision, the guideline value for Thenthirupathi Nagar was Rs 4,500 per sq.ft. The increase from 2023 to 2024 is 9%, resulting in the current value of Rs 4,900 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

The only revisions available for this street are from 2023 and 2024, reflecting a notable increase. The absence of figures for earlier years indicates that there has been no recorded guideline value for Thenthirupathi Nagar prior to 2023.

Guideline values in Mugappair

In Mugappair, there are 224 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing Thenthirupathi Nagar's 2024 figure below this median.

• Therkku Cross Street: Rs 3,300 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 7,100 per sq.ft (2024)
• Suriyaganthi Colony Flats: Rs 7,100 per sq.ft (2024)
• Thiruvalluvar Street & Salai: Rs 8,800 per sq.ft (2024)
• Sundararami Salai: Rs 7,100 per sq.ft (2024)
• Sudharsan Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Thenthirupathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total cost for these fees to Rs 4,41,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thenthirupathi Nagar?

The Sub Registrar Office that covers Thenthirupathi Nagar is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property registration in Mugappair. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the transaction. These fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Thenthirupathi Nagar?

The current guideline value of Thenthirupathi Nagar is Rs 4,900 per sq.ft, effective from 1 July 2024.

How much did the guideline value change from 2023 to 2024?

The guideline value increased by 9% from Rs 4,500 per sq.ft in 2023 to Rs 4,900 per sq.ft in 2024.

What is the land classification for Thenthirupathi Nagar?

The land classification for Thenthirupathi Nagar is Residential Special Type - II.

Where can I find the registration office for Thenthirupathi Nagar?

The registration office for Thenthirupathi Nagar is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 4,41,000.