Guideline Value

Corporate

Guideline Value for Thiruchendhur Garden

₹660/sq.ft.

The guideline value for Thiruchendhur Garden in Panapakkam village (Padappai SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Panapakkam

Village

Padappai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thiruchendhur Garden

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Thiruchendhur Garden guideline value

The current guideline value of Thiruchendhur Garden, located in Panapakkam village under the Padappai SRO, is Rs 660 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Thiruchendhur Garden has changed

The guideline value for Thiruchendhur Garden has seen several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. Following this, the value rose significantly to Rs 600 per sq.ft in 2023, and then increased again to Rs 660 per sq.ft in 2024, marking a 10% rise from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the value has increased by 10%. 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 that carry a 2024 guideline value, ranging from Rs 550 to Rs 990 per sq.ft, with a median value of Rs 770 per sq.ft. The guideline value for Thiruchendhur Garden is below this median.

Stamp duty and registration fee for property in Thiruchendhur Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruchendhur Garden?

The Thiruchendhur Garden area falls under the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role when buying or selling property in Panapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property transaction. This value is essential for both buyers and sellers to understand the financial implications of their property dealings.

When a property is registered, the guideline value is taken into consideration to ensure that the transaction is compliant with local regulations. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Thiruchendhur Garden?

The current guideline value of Thiruchendhur Garden is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 600 per sq.ft in 2012, decreasing to Rs 402 per sq.ft in 2017, then increasing to Rs 600 per sq.ft in 2023, and finally reaching Rs 660 per sq.ft in 2024.

What is the land classification for Thiruchendhur Garden?

Thiruchendhur Garden is classified as Residential Class II Type - I, which indicates its use for residential purposes.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions in Thiruchendhur Garden is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thiruchendhur Garden?

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