Guideline Value for GURUKKAL STREET ( T V MALAI)

Gurukkal Street ( T V Malai) guideline value

The current guideline value of Gurukkal Street ( T V Malai) is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village, under the Thiruttani SRO, and is classified as Residential Class III Type - I.

How the guideline value of Gurukkal Street ( T V Malai) has changed

The guideline value for Gurukkal Street ( T V Malai) has seen several revisions over the years. The earliest recorded figure is from 2017, where the value was Rs 502 per sq.ft. This increased to Rs 750 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 825 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for Gurukkal Street ( T V Malai) for the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value, ranging from Rs 548 to Rs 1,540 per sq.ft. The median value is Rs 825 per sq.ft, which is equal to the guideline value of Gurukkal Street ( T V Malai).

• Indiragandhi Nagar: Rs 825 per sq.ft (2024)
• Golden Theatre - Karimbedu Ack Side: Rs 1,099 per sq.ft (2024)
• G M Nagar: Rs 550 per sq.ft (2024)
• Gandhi Road3rd Lane: Rs 770 per sq.ft (2024)
• Gandhi Road 2nd Lane: Rs 770 per sq.ft (2024)
• Gandhi Road: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Gurukkal Street ( T V Malai)

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total fees to Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gurukkal Street ( T V Malai)?

The Sub Registrar Office that covers Gurukkal Street ( T V Malai) is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Tiruttani. It is used to determine the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the authorities.

When a property is sold, the buyer must pay stamp duty on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue based on the value of the transaction.

Frequently asked questions

What is the current guideline value of Gurukkal Street ( T V Malai)?

The current guideline value of Gurukkal Street ( T V Malai) is Rs 825 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From 2017 to 2024, the guideline value of Gurukkal Street ( T V Malai) has increased by 64%, from Rs 502 per sq.ft to Rs 825 per sq.ft.

What are the stamp duty and registration fees for a property on Gurukkal Street ( T V Malai)?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 57,750 and the registration fee would be Rs 16,500, totaling Rs 74,250.

Which Sub Registrar Office covers Gurukkal Street ( T V Malai)?

The Thiruttani Sub Registrar Office covers Gurukkal Street ( T V Malai), located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

What is the land classification of Gurukkal Street ( T V Malai)?

Gurukkal Street ( T V Malai) is classified as Residential Class III Type - I under the current guidelines.