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Guideline Value

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Guideline Value for Therkku Thirumalai Nagar Second Lane

₹3800/sq.ft.

The guideline value for Therkku Thirumalai Nagar Second Lane in Malligaicherry village (Konnur SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Malligaicherry

Village

Konnur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹470 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹257 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Therkku Thirumalai Nagar Second Lane

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Therkku Thirumalai Nagar Second Lane guideline value

The current guideline value for Therkku Thirumalai Nagar Second Lane is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Malligaicherry village under the Konnur SRO, and it falls under the land classification of Residential Special Type - I.

How the guideline value of Therkku Thirumalai Nagar Second Lane has changed

The guideline value for Therkku Thirumalai Nagar Second Lane has seen several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 257 per sq.ft. In 2003, it increased to Rs 470 per sq.ft, marking an increase of 83%. From 2003 to 2007, the value rose significantly to Rs 1,000 per sq.ft, which is an increase of 113%. The 2012 revision showed a value of Rs 3,500 per sq.ft, reflecting a substantial increase of 250% from 2007. However, this was followed by a decrease to Rs 2,345 per sq.ft in 2017, a drop of 33%. The 2023 revision set the value at Rs 3,500 per sq.ft, and the latest revision in 2024 has increased it to Rs 3,800 per sq.ft, a rise of 9%.

There are no figures available in the register for the years not mentioned above. Overall, from 2002 to 2024, the guideline value has increased by 1379%.

Guideline values in Malligaicherry

In Malligaicherry, there are 49 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, placing Therkku Thirumalai Nagar Second Lane's 2024 figure above this median.

Stamp duty and registration fee for property in Therkku Thirumalai Nagar Second Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees together to Rs 3,42,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Therkku Thirumalai Nagar Second Lane?

The Sub Registrar Office that covers Therkku Thirumalai Nagar Second Lane is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Malligaicherry. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property for taxation purposes. It is essential for both buyers and sellers to be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Therkku Thirumalai Nagar Second Lane?

The current guideline value for Therkku Thirumalai Nagar Second Lane is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 257 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, which is an overall increase of 1379%.

What is the stamp duty for property in Therkku Thirumalai Nagar Second Lane?

The stamp duty for property in Therkku Thirumalai Nagar Second Lane is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Therkku Thirumalai Nagar Second Lane is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What are the guideline values of other streets in Malligaicherry?

Other streets in Malligaicherry have guideline values ranging from Rs 2,200 to Rs 6,000 per sq.ft, with Therkku Thirumalai Nagar Second Lane's value being above the median of Rs 2,400 per sq.ft.