Guideline Value for Therku Jaganatha Nagar Third Prathana Salai

Therku Jaganatha Nagar Third Prathana Salai guideline value

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

The guideline value for Therku Jaganatha Nagar Third Prathana Salai has undergone several revisions over the years. In 2002, the value was Rs 285 per sq.ft, which increased to Rs 309 per sq.ft in 2003. The value saw significant growth, reaching Rs 1,000 per sq.ft in 2007, and further increasing to Rs 3,500 per sq.ft in 2012. However, it then decreased to Rs 2,345 per sq.ft in 2017. The value rose again to Rs 3,500 per sq.ft in 2023, and currently stands at Rs 3,800 per sq.ft as of the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 reflects a 9% increase. Notably, from 2007 to 2012, there was a substantial increase of 250%, while the value decreased by 33% from 2012 to 2017. Overall, from 2002 to 2024, the guideline value has increased by 1233%.

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. The median value is Rs 3,800 per sq.ft, which is the same as the current guideline value for Therku Jaganatha Nagar Third Prathana Salai.

• Therku Jaganatha Nagar Third Cross Street & Street: Rs 3,800 per sq.ft (2024)
• Therkumada Veethi: Rs 3,800 per sq.ft (2024)
• Therku Jaganatha Nagar Sixth Cross Street & Street: Rs 3,800 per sq.ft (2024)
• Therkumada Veethi 1,2,3 and 4th Street: Rs 5,500 per sq.ft (2024)
• Therku Jaganatha Nagar Seventh Cross Street & Street: Rs 3,800 per sq.ft (2024)
• Therkumada Veethi (Vijayalakshipuram): Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Therku Jaganatha Nagar Third 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, totaling 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 Third Prathana Salai?

The Sub Registrar Office that covers Therku Jaganatha Nagar Third Prathana Salai is the Konnur Sub Registrar Office. The address is Sub Register Office, Villivakkam Panchat, 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 is an essential factor in the registration process of property transactions in Konnur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration.

When buying or selling property, the guideline value is used to ensure that the transaction is registered at a value that reflects the current market conditions as determined by the Registration Department. This helps maintain transparency and accountability in property transactions.

Frequently asked questions

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

The current guideline value of Therku Jaganatha Nagar Third 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% over the years.

What are the other streets in Konnur with similar guideline values?

Other streets in Konnur, such as Therku Jaganatha Nagar Third Cross Street & Street, Therkumada Veethi, and Therku Jaganatha Nagar Sixth Cross Street & Street, also have a guideline value of Rs 3,800 per sq.ft for 2024.

What is the stamp duty rate for properties in Therku Jaganatha Nagar Third Prathana Salai?

The stamp duty rate for properties in Therku Jaganatha Nagar Third Prathana Salai is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Therku Jaganatha Nagar Third Prathana Salai is located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.