Guideline Value for Therku Jaganatha Nagar Seventh Cross Street & Street

Therku Jaganatha Nagar Seventh Cross Street & Street guideline value

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

The guideline value for Therku Jaganatha Nagar Seventh Cross Street & Street has undergone several revisions over the years. The earliest recorded figure is from 2007, at Rs 700 per sq.ft. This value saw a significant increase to Rs 3,500 per sq.ft in 2012, marking a 400% rise. However, between 2012 and 2017, the value decreased to Rs 2,345 per sq.ft, a decline of 33%. The value then increased substantially to Rs 3,500 per sq.ft in 2023, reflecting a 49% increase. 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.

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

Guideline values in Konnur

Konnur village has a total of 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 is equal to the current guideline value for Therku Jaganatha Nagar Seventh Cross Street & Street.

• Therku Jaganatha Nagar Second Prathana Salai: Rs 3,800 per sq.ft (2024)
• Therku Jaganatha Nagar Sixth 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 Third 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 Third Prathana Salai: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Therku Jaganatha Nagar Seventh 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's 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 Seventh Cross Street & Street?

The Sub Registrar Office that covers Therku Jaganatha Nagar Seventh Cross Street & Street is the Konnur Sub Registrar Office. The address is Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, Chennai registration zone.

You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Konnur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and standardization in property transactions.

When a property is sold, the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value for Therku Jaganatha Nagar Seventh 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 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 1,000 sq.ft plot valued at Rs 3,800 per sq.ft, the total guideline value is 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 property registrations for Therku Jaganatha Nagar Seventh Cross Street & Street?

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

What is the land classification for this street?

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