Guideline Value for THIRU KUMARAN NAGAR EXTENSION

Thiru Kumaran Nagar Extension guideline value

The current guideline value of Thiru Kumaran Nagar Extension is Rs 2,680 per sq.ft, effective from 1 July 2024. This area is located in Sekkadu village and falls under the Avadi SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Thiru Kumaran Nagar Extension has changed

In the 2024 revision, the guideline value for Thiru Kumaran Nagar Extension is set at Rs 2,680 per sq.ft. The previous revision in 2023 also recorded the same value of Rs 2,680 per sq.ft. There are no figures available in the register for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Between the revisions from 2023 to 2024, there has been no change, with an increase of +0%. Thus, the guideline value remains consistent across these two years.

Guideline values in Sekkadu

In Sekkadu, there are a total of 56 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 930 to Rs 4,800 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, making Thiru Kumaran Nagar Extension's 2024 figure above that median.

• Thiru Kumaran Nagar: Rs 2,680 per sq.ft (2024)
• Thirukural Street: Rs 1,075 per sq.ft (2024)
• Theru Veethi Amman Koil Street: Rs 1,320 per sq.ft (2024)
• Thanigai Nagar: Rs 1,075 per sq.ft (2024)
• Udayar Street: Rs 930 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 1,075 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru Kumaran Nagar Extension

For a 1,000 sq.ft plot at the current rate of Rs 2,680 per sq.ft, the guideline value amounts to Rs 26,80,000. The stamp duty at 7% would be Rs 1,87,600, and the registration fee at 2% would be Rs 53,600, bringing the total to Rs 2,41,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Thiru Kumaran Nagar Extension?

The Sub Registrar Office that covers Thiru Kumaran Nagar Extension is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Sekkadu, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with legal requirements.

When registering a property, the guideline value serves as a benchmark for the transaction. If the sale price is lower than the guideline value, the duty will be charged based on the guideline value, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiru Kumaran Nagar Extension?

The current guideline value of Thiru Kumaran Nagar Extension is Rs 2,680 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,680 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value in Sekkadu?

The median guideline value for the 56 streets in Sekkadu under the Avadi SRO is Rs 1,320 per sq.ft. Thiru Kumaran Nagar Extension's guideline value is above this median.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Thiru Kumaran Nagar Extension is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2%.

Where can I find the Sub Registrar Office for Thiru Kumaran Nagar Extension?

The Sub Registrar Office for Thiru Kumaran Nagar Extension is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.