Guideline Value for Therku Jaganatha Nagar First Cross Street & Street

Therku Jaganatha Nagar First Cross Street & Street guideline value

The current guideline value of Therku Jaganatha Nagar First 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 First Cross Street & Street has changed

Over the years, the guideline value of Therku Jaganatha Nagar First Cross Street & Street has seen significant changes. The earliest recorded revision was in 2007, with a guideline value of Rs 700 per sq.ft. This figure increased dramatically to Rs 3,500 per sq.ft in 2012, marking a 400% rise. However, it then decreased to Rs 2,345 per sq.ft in 2017, reflecting a 33% drop. The guideline value rose again to Rs 3,500 per sq.ft in 2023, and subsequently increased to Rs 3,800 per sq.ft in 2024, which is a 9% increase from the previous year. Notably, there are no figures available for the years 2002 and 2003 for this street.

From 2017 to 2023, the value increased by 49%, and the overall increase from 2007 to 2024 is 443%. The current guideline value of Rs 3,800 per sq.ft aligns with the median value of Rs 3,800 per sq.ft for the 249 streets in Konnur under the Konnur SRO, which range from Rs 2,750 to Rs 7,100 per sq.ft.

Guideline values in Konnur

In Konnur, the guideline values for the various streets reflect a range that highlights the diversity of property values in the area. The current guideline value for Therku Jaganatha Nagar First Cross Street & Street is Rs 3,800 per sq.ft, which is consistent with the median value for the village.

• Therku Jaganatha Nagar Fifth 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 Eighth Cross Street & Street: 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 First 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, charged at 7%, would be Rs 2,66,000, while the registration fee at 2% would be Rs 76,000. Together, the total cost for these fees would be Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office that covers Therku Jaganatha Nagar First Cross Street & Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For further details, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Konnur, as it determines the amount of stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must consider the guideline value to ensure compliance with local regulations and to accurately assess the costs involved in the transaction.

When registering a property, the guideline value serves as a benchmark for the valuation of the property, impacting the overall financial obligations of the buyer. It is essential for individuals engaging in real estate transactions in Konnur to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Therku Jaganatha Nagar First Cross Street & Street?

The current guideline value of Therku Jaganatha Nagar First 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 from Rs 700 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 443% over the years.

What is the land classification for this street?

Therku Jaganatha Nagar First Cross Street & Street is classified as Residential Class II Type - I.

Where can I find the Konnur Sub Registrar Office?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is stamp duty calculated for properties in Konnur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 at a rate of 7%.