Guideline Value for Therku Jaganatha Nagar Second Prathana Salai

Therku Jaganatha Nagar Second Prathana Salai guideline value

The current guideline value of Therku Jaganatha Nagar Second Prathana Salai 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 Second Prathana Salai has changed

The guideline value for Therku Jaganatha Nagar Second Prathana Salai has seen significant changes over the years. In 2002, the guideline value was Rs 285 per sq.ft, which increased to Rs 309 per sq.ft in 2003. Following this, the value rose dramatically to Rs 1,000 per sq.ft in 2007, reflecting a change of +224%. The value then continued to increase to Rs 3,500 per sq.ft in 2012, marking a +250% change from the previous revision. However, it dropped to Rs 2,345 per sq.ft in 2017, which was a decrease of -33%.

From 2017 to 2023, the guideline value increased significantly to Rs 3,500 per sq.ft, representing a +49% change. The most recent revision in 2024 set the guideline value at Rs 3,800 per sq.ft, which is a +9% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by +1233%. There are no figures available for the revisions in years not listed.

Guideline values in Konnur

In Konnur village, 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 Second Prathana Salai's guideline value aligns with this median.

• Therku Jaganatha Nagar Second Cross Street & Street: Rs 3,800 per sq.ft (2024)
• Therku Jaganatha Nagar Seventh 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 Sixth 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 Third Cross Street & Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Therku Jaganatha Nagar Second Prathana Salai

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, leading to a total of 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, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Therku Jaganatha Nagar Second Prathana Salai?

The Sub Registrar Office that covers Therku Jaganatha Nagar Second Prathana Salai 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 details.

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 compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Therku Jaganatha Nagar Second Prathana Salai?

The current guideline value of Therku Jaganatha Nagar Second Prathana Salai 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 285 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of +1233%.

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 the registration for Therku Jaganatha Nagar Second Prathana Salai?

The Konnur Sub Registrar Office handles registrations for Therku Jaganatha Nagar Second Prathana Salai, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Therku Jaganatha Nagar Second Prathana Salai?

Therku Jaganatha Nagar Second Prathana Salai is classified as Residential Class II Type - I.