Guideline Value for THIMMARAJAPURAM KULAM

Thimmarajapuram Kulam guideline value

The current guideline value of Thimmarajapuram Kulam is Rs 3,850 per sq.ft, effective from 1 July 2024. This area is located in Chengalpattu Natham village and falls under the Chengleput Joint II SRO. The land classification for this street is Mixed Special Type - III.

How the guideline value of Thimmarajapuram Kulam has changed

The guideline value for Thimmarajapuram Kulam has seen several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 3,500 per sq.ft. This was followed by a decrease to Rs 2,345 per sq.ft in 2017. In 2023, the value increased to Rs 3,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 3,850 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between the revisions show a significant increase of 49% from 2017 to 2023, while the value dropped by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Thimmarajapuram Kulam's 2024 figure above this median.

• Thattan Malai Street: Rs 1,650 per sq.ft (2024)
• T.B.Salai Ward-4: Rs 2,750 per sq.ft (2024)
• Syed Yaguf Street: Rs 2,200 per sq.ft (2024)
• Sunnambukarath Street: Rs 2,200 per sq.ft (2024)
• Sundaravinayagar Kovil Street: Rs 2,200 per sq.ft (2024)
• Sundaramurthy Vinayagar Kovil Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thimmarajapuram Kulam

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the combined total Rs 3,46,500. 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 further assistance.

Which Sub Registrar Office covers Thimmarajapuram Kulam?

The Sub Registrar Office covering Thimmarajapuram Kulam is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chengalpattu Natham. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and fairly in the legal documents. Buyers and sellers must be aware of this value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Thimmarajapuram Kulam?

The current guideline value of Thimmarajapuram Kulam is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024, a 10% increase. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012.

What is the land classification for Thimmarajapuram Kulam?

The land classification for Thimmarajapuram Kulam is Mixed Special Type - III.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 at 7%.