Guideline Value for Bus Stand upto Sivan Koil

Bus Stand upto Sivan Koil guideline value

The current guideline value for Bus Stand upto Sivan Koil is Rs 1,760 per sq.ft, effective from 1 July 2024. This area is located in Thiruverkadu village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Bus Stand upto Sivan Koil has changed

The guideline value for this street has seen several revisions over the years. In 2012, the value was Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 59%, bringing the value up to Rs 1,600 per sq.ft. The latest revision in 2024 saw another increase of 10%, resulting in the current guideline value of Rs 1,760 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 17%.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, placing Bus Stand upto Sivan Koil above this median.

• Car Street: Rs 1,540 per sq.ft (2024)
• Bharathi Nagar: Rs 1,540 per sq.ft (2024)
• Barathi Nagar Main Road: Rs 1,540 per sq.ft (2024)
• Barathi Nagar 4th Cross Street: Rs 1,540 per sq.ft (2024)
• Barathi Nagar 3rd Cross Street: Rs 1,540 per sq.ft (2024)
• Barathi Nagar 2nd Cross Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Bus Stand upto Sivan Koil

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to Rs 1,58,400. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Bus Stand upto Sivan Koil?

The Sub Registrar Office that covers Bus Stand upto Sivan Koil is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thiruverkadu. It serves as the basis for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Bus Stand upto Sivan Koil?

The current guideline value for Bus Stand upto Sivan Koil is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,760 per sq.ft in 2024, with significant increases in 2023 and 2024.

What is the median guideline value in Thiruverkadu?

The median guideline value for streets in Thiruverkadu is Rs 1,540 per sq.ft, which is lower than the current value for Bus Stand upto Sivan Koil.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200, and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which office handles property registrations for Bus Stand upto Sivan Koil?

The Kunrathur Sub Registrar Office handles property registrations for Bus Stand upto Sivan Koil, located at No.59, Road Street, Kundrathur, Chennai -600 069.