Guideline Value for Therku Jaganatha Nagar Ninth Cross Street & Street

Therku Jaganatha Nagar Ninth Cross Street & Street guideline value

The current guideline value of Therku Jaganatha Nagar Ninth 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 falls under the Residential Class II Type - I land classification.

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

The guideline value for Therku Jaganatha Nagar Ninth Cross Street & Street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 3,500 per sq.ft. This value remained unchanged until the next revision in 2017, which saw a decrease to Rs 2,345 per sq.ft. In 2023, the guideline value increased significantly to Rs 3,500 per sq.ft, followed by the most recent revision in 2024, where it rose to Rs 3,800 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, there was a substantial increase of 49%. The change from 2023 to 2024 reflects a 9% rise. Overall, when comparing the guideline values from 2012 to 2024, there has been a 9% increase, indicating fluctuations in the values 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. The median value for these streets is Rs 3,800 per sq.ft, which aligns with the guideline value of Therku Jaganatha Nagar Ninth Cross Street & Street for 2024.

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

Stamp duty and registration fee for property in Therku Jaganatha Nagar Ninth 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 cost for these fees to 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 further calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Therku Jaganatha Nagar Ninth Cross Street & Street is the Konnur Sub Registrar Office. The address is Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, in the Chennai registration zone. 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 the registration process when buying or selling property in Konnur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the taxes owed, ensuring that both buyers and sellers are aware of the financial obligations associated with the transfer of property ownership.

Frequently asked questions

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

The current guideline value of Therku Jaganatha Nagar Ninth 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 from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then back to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,800 per sq.ft in 2024.

What are the stamp duty and registration fees for property transactions?

For a property valued at 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, totaling Rs 3,42,000 for these fees.

Which office handles the registration for this area?

The Konnur Sub Registrar Office handles the registration for Therku Jaganatha Nagar Ninth Cross Street & Street, located in Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Therku Jaganatha Nagar Ninth Cross Street & Street?

Therku Jaganatha Nagar Ninth Cross Street & Street falls under the Residential Class II Type - I land classification.