Guideline Value for North Thoppu Street - II

North Thoppu Street - II guideline value

The current guideline value of North Thoppu Street - II is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village under the Kunrathur SRO, classified as Mixed Special Type - III.

How the guideline value of North Thoppu Street - II has changed

The guideline value for North Thoppu Street - II has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision at Rs 1,072 per sq.ft. This was followed by an increase to Rs 1,600 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 saw the guideline value increase by 10% to Rs 1,760 per sq.ft.

It is important to note that there are no recorded figures for North Thoppu Street - II in the revisions for the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value in this area is Rs 1,540 per sq.ft, placing North Thoppu Street - II's 2024 value above this median.

• North Thoppu Street - I: Rs 1,760 per sq.ft (2024)
• Ngs Enclave, K.Manikkam Salai: Rs 1,540 per sq.ft (2024)
• Om Prakash Nagar: Rs 1,760 per sq.ft (2024)
• Om Sakthi Temple Nagar: Rs 1,760 per sq.ft (2024)
• Ondicheery 1st & 2nd Street: Rs 1,760 per sq.ft (2024)
• Ottakudisai: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in North Thoppu Street - II

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

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

Which Sub Registrar Office covers North Thoppu Street - II?

The Sub Registrar Office that covers North Thoppu Street - II is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more details, you can find your SRO.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor when registering a property transaction in Kunrathour-B. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration.

Frequently asked questions

What is the current guideline value of North Thoppu Street - II?

The current guideline value of North Thoppu Street - II is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision of Rs 1,072 per sq.ft, the guideline value increased to Rs 1,600 per sq.ft in 2023, and then to Rs 1,760 per sq.ft in 2024. This reflects an overall increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for properties 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. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for North Thoppu Street - II?

The Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, handles registrations for North Thoppu Street - II.

What is the land classification for North Thoppu Street - II?

North Thoppu Street - II is classified as Mixed Special Type - III, which is relevant for determining the guideline value and other regulatory aspects.