Guideline Value for Thiruchendur Avenue

Thiruchendur Avenue guideline value

The current guideline value of Thiruchendur Avenue is Rs 990 per sq.ft, effective from 1 July 2024. This avenue is located in Serapanancheri village under the Padappai SRO, classified as Residential Special Type - I.

How the guideline value of Thiruchendur Avenue has changed

The guideline value for Thiruchendur Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which was then reduced to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 900 per sq.ft in the 2023 revision, and currently stands at Rs 990 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes between the revisions indicate a 49% increase from 2017 to 2023, while there was a decrease of 33% from 2012 to 2017. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Serapanancheri

In Serapanancheri, there are 53 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 440 to Rs 4,440 per sq.ft, with a median value of Rs 720 per sq.ft. Thiruchendur Avenue's 2024 guideline value of Rs 990 per sq.ft is above this median.

• Thennarasu Street: Rs 720 per sq.ft (2024)
• Teachers Colony: Rs 720 per sq.ft (2024)
• S.V.P Garden Extenstion - I: Rs 1,480 per sq.ft (2024)
• S.V.P.Garden: Rs 990 per sq.ft (2024)
• S.V.P.Avenue: Rs 990 per sq.ft (2024)
• Sri Sastha Nagar: Rs 720 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruchendur Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total charges to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruchendur Avenue?

The Sub Registrar Office that covers Thiruchendur Avenue is 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 information.

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

The guideline value plays a crucial role in property transactions in Serapanancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers must consider this value to understand the financial implications of their property transactions.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the costs involved in the registration process. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thiruchendur Avenue?

The current guideline value of Thiruchendur Avenue is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 in 2012 to Rs 603 in 2017, then increased to Rs 900 in 2023, and is currently Rs 990 in 2024. Overall, it has increased by 10% from the 2012 revision to the 2024 revision.

What are the stamp duty and registration fees for properties in Thiruchendur Avenue?

For a 1,000 sq.ft plot at the guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty would be Rs 69,300, and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which Sub Registrar Office covers Thiruchendur Avenue?

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

What is the land classification for Thiruchendur Avenue?

The land classification for Thiruchendur Avenue is Residential Special Type - I, indicating its designated use for residential purposes.