Guideline Value for Therku Jaganatha Nagar Fourth Cross Street & Street

Therku Jaganatha Nagar Fourth Cross Street & Street guideline value

The current guideline value for Therku Jaganatha Nagar Fourth 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 Fourth Cross Street & Street has changed

The guideline value for Therku Jaganatha Nagar Fourth Cross Street & Street has seen significant changes over the years. In the 2007 revision, the value was Rs 700 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012. However, it then decreased to Rs 2,345 per sq.ft in 2017. Following this, the value rose to Rs 3,500 per sq.ft in 2023, and currently stands at Rs 3,800 per sq.ft as of the 2024 revision. There are no figures available for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%, and from 2023 to 2024, the value rose by 9%. The overall increase from 2007 to 2024 is a substantial 443%, reflecting the changes in the property landscape over the years.

Guideline values in Konnur

In Konnur, there are 249 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 7,100 per sq.ft, with the median value being Rs 3,800 per sq.ft. Therku Jaganatha Nagar Fourth Cross Street & Street's 2024 figure aligns with this median.

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

Stamp duty and registration fee for property in Therku Jaganatha Nagar Fourth 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 would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, while the registration fee at 2% would be Rs 76,000, bringing the total fees together to Rs 3,42,000. It is important to note that 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 details.

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

The Sub Registrar Office that covers Therku Jaganatha Nagar Fourth 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 is a crucial factor in property transactions in Konnur. It serves as a benchmark for determining the minimum value of a property for registration purposes. When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

Buyers and sellers must be aware that the guideline value may differ from the actual sale price of the property. The stamp duty is charged based on the higher of the guideline value or the sale price, ensuring that the state receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value for Therku Jaganatha Nagar Fourth 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 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.

Which office handles registrations for Therku Jaganatha Nagar Fourth Cross Street & Street?

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

What is the significance of the guideline value in property transactions?

The guideline value is used as a benchmark for property registration and is essential for calculating stamp duty and registration fees. It ensures that the state receives appropriate revenue from property transactions.