Guideline Value for TAMILKUDIMAGAN NAGAR 1 TO 5 STREETS

Tamilkudimagan Nagar 1 To 5 Streets guideline value

The current guideline value for Tamilkudimagan Nagar 1 To 5 Streets is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in S. Kullathur village under the Pallavaram SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Tamilkudimagan Nagar 1 To 5 Streets has changed

Starting from the 2012 revision, the guideline value for Tamilkudimagan Nagar 1 To 5 Streets was recorded at Rs 4,000 per sq.ft. In the following revision in 2017, the value decreased to Rs 2,680 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, reaching Rs 4,000 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 4,400 per sq.ft, representing a 10% rise from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in S. Kullathur

S. Kullathur village has a total of 71 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median value among these streets is Rs 2,750 per sq.ft, indicating that the guideline value for Tamilkudimagan Nagar 1 To 5 Streets is above this median.

• Thamizhkudimagan Nagar: Rs 4,400 per sq.ft (2024)
• Thandu Mariamman Kovil St: Rs 2,200 per sq.ft (2024)
• Thiru Nagar: Rs 4,400 per sq.ft (2024)
• Thiru Nagar Extn: Rs 4,400 per sq.ft (2024)
• Unmai Nagar Exten.(Engineers Avenue): Rs 3,300 per sq.ft (2024)
• Vendhan Nagar 1 To 4 Streets: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Tamilkudimagan Nagar 1 To 5 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, the total cost for stamp duty and registration fee would be Rs 3,96,000. 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 detailed calculations.

Which Sub Registrar Office covers Tamilkudimagan Nagar 1 To 5 Streets?

The Tamilkudimagan Nagar 1 To 5 Streets fall under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value is a crucial factor in the registration process when buying or selling property in S. Kullathur. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price.

When registering a property, buyers and sellers must consider the guideline value as it influences the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the registration reflects the true value of the property.

Frequently asked questions

What is the current guideline value for Tamilkudimagan Nagar 1 To 5 Streets?

The current guideline value for Tamilkudimagan Nagar 1 To 5 Streets is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for Tamilkudimagan Nagar 1 To 5 Streets?

Tamilkudimagan Nagar 1 To 5 Streets is classified as Commercial Class I Type - II.

Where can I find the registration office for this area?

The registration office for Tamilkudimagan Nagar 1 To 5 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 3,96,000.