Guideline Value for North Thoppu Street - I

North Thoppu Street - I guideline value

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

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

In the 2017 revision, the guideline value was Rs 1,072 per sq.ft. This figure increased to Rs 1,600 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw the guideline value increase to Rs 1,760 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a significant increase of 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

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, making the 2024 figure for North Thoppu Street - I above that median.

• North Thoppu Street - II: 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 - I

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. It is important to note that 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 details.

Which Sub Registrar Office covers North Thoppu Street - I?

The Sub Registrar Office that covers North Thoppu Street - I 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 Kunrathour-B

The guideline value is a crucial factor in the registration process when buying or selling property in Kunrathour-B. It serves as the baseline for calculating stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

When a property is registered, the guideline value helps determine the official value of the property, which is essential for legal documentation and taxation purposes. Buyers and sellers should be aware of these values to facilitate a smooth transaction.

Frequently asked questions

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

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

How much has the guideline value changed in recent years?

Since the 2017 revision, the guideline value has increased from Rs 1,072 per sq.ft to Rs 1,760 per sq.ft in 2024, marking an overall increase of 64%.

What is the land classification of North Thoppu Street - I?

North Thoppu Street - I is classified as Mixed Special Type - III under the land classification guidelines.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 17,60,000, the total fees would amount to Rs 1,58,400.

Where is the Sub Registrar Office for North Thoppu Street - I located?

The Sub Registrar Office for North Thoppu Street - I is located at No.59, Road Street, Kundrathur, Chennai -600 069.