Guideline Value for Therku Jaganatha Nagar Fifth Cross Street & Street

Therku Jaganatha Nagar Fifth Cross Street & Street guideline value

The current guideline value for Therku Jaganatha Nagar Fifth Cross Street & Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Konnur village, under the Konnur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Therku Jaganatha Nagar Fifth Cross Street & Street has changed

The guideline value for Therku Jaganatha Nagar Fifth Cross Street & Street has seen significant changes over the years. In the 2007 revision, the value was Rs 700 per sq.ft, which increased dramatically to Rs 3,500 per sq.ft in 2012. However, this was followed by a decrease to Rs 2,345 per sq.ft in 2017. The value then rose to Rs 3,500 per sq.ft in 2023, and finally reached Rs 3,800 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 443%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Konnur

In Konnur, there are 249 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median value for these streets is Rs 3,800 per sq.ft, which is equal to the current guideline value for Therku Jaganatha Nagar Fifth Cross Street & Street.

• Therku Jaganatha Nagar Eighth Cross Street & Street: Rs 3,800 per sq.ft (2024)
• Therku Jaganatha Nagar First Cross Street & Street: Rs 3,800 per sq.ft (2024)
• Therku Jaganatha Nagar First Prathana Salai: Rs 3,800 per sq.ft (2024)
• Therku Jaganatha Nagar Fourth Cross Street & Street: Rs 3,800 per sq.ft (2024)
• Therku Jaganatha Nagar Ninth Cross Street & Street: Rs 3,800 per sq.ft (2024)
• Therku Jaganatha Nagar Second Cross Street & Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Therku Jaganatha Nagar Fifth Cross Street & Street

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

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Therku Jaganatha Nagar Fifth Cross Street & Street?

The Sub Registrar Office that covers Therku Jaganatha Nagar Fifth Cross Street & Street 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 Konnur

The guideline value plays a crucial role in property transactions in Konnur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. This value is essential for both buyers and sellers to understand the financial obligations involved in the transaction.

When registering a property, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value for Therku Jaganatha Nagar Fifth Cross Street & Street?

The current guideline value for Therku Jaganatha Nagar Fifth Cross Street & Street 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 changed significantly, increasing from Rs 700 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, marking an overall increase of 443%.

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

The Sub Registrar Office for Therku Jaganatha Nagar Fifth Cross Street & Street is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000, and the registration fee would be Rs 76,000, totaling Rs 3,42,000.

What is the land classification for this street?

The land classification for Therku Jaganatha Nagar Fifth Cross Street & Street is Residential Class II Type - I.