Guideline Value for Thiruchendhur Garden II

Thiruchendhur Garden II guideline value

The current guideline value of Thiruchendhur Garden II is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Panapakkam village and falls under the Padappai SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Thiruchendhur Garden II has changed

The guideline value for Thiruchendhur Garden II has undergone several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which was then reduced to Rs 469 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 700 per sq.ft and further revised it to Rs 770 per sq.ft in 2024, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panapakkam

In Panapakkam, there are 28 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 550 to Rs 990 per sq.ft. The median value is Rs 770 per sq.ft, which is equal to the current guideline value of Thiruchendhur Garden II.

• Thiruchendhur Garden: Rs 660 per sq.ft (2024)
• Thirumurugan Nagar: Rs 770 per sq.ft (2024)
• Thanigai Nagar: Rs 770 per sq.ft (2024)
• Vadapalani Murugan Nagar: Rs 770 per sq.ft (2024)
• Sri Vadapalani Murugan Nagar: Rs 770 per sq.ft (2024)
• Sri Sai Garden: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruchendhur Garden II

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees together to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thiruchendhur Garden II?

The Thiruchendhur Garden II area is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration of property transactions in Panapakkam. It determines the amount of stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is used to calculate the fees based on the size of the property. The fees are charged on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Thiruchendhur Garden II?

The current guideline value for Thiruchendhur Garden II is Rs 770 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 2012 to Rs 469 per sq.ft in 2017, then to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification for Thiruchendhur Garden II?

The land classification for Thiruchendhur Garden II is Residential Class I Type - I.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Thiruchendhur Garden II?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 7,70,000, the stamp duty would be Rs 53,900 at 7%.