Guideline Value for THIRU KUMARAN NAGAR

Thiru Kumaran Nagar guideline value

The current guideline value of Thiru Kumaran Nagar is Rs 2,680 per sq.ft, effective from 1 July 2024. This street is located in Sekkadu village, under the Avadi Sub Registrar Office (SRO), and is classified as Residential Class I Type - III.

How the guideline value of Thiru Kumaran Nagar has changed

The guideline value for Thiru Kumaran Nagar has remained consistent over the years. The register shows that from the 2017 revision to the 2024 revision, the guideline value was Rs 2,680 per sq.ft. The same figure was recorded in the 2023 revision, indicating no changes during this period. Additionally, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 2,680 per sq.ft. This consistency reflects a stable valuation for the property in this area.

Guideline values in Sekkadu

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

• Thiru Kumaran Nagar Extension: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,680 per sq.ft, the total guideline value amounts to Rs 26,80,000. The stamp duty at 7% would be Rs 1,87,600, while the registration fee at 2% would be Rs 53,600, bringing the total to Rs 2,41,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thiru Kumaran Nagar?

The Thiru Kumaran Nagar area is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sekkadu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Thiru Kumaran Nagar?

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

How has the guideline value changed over the years?

The guideline value for Thiru Kumaran Nagar has remained unchanged at Rs 2,680 per sq.ft from 2017 to 2024, with no figures available for the years 2002, 2003, 2007, and 2012.

What is the median guideline value in Sekkadu?

The median guideline value for the streets in Sekkadu is Rs 1,320 per sq.ft, with Thiru Kumaran Nagar's value being above this median at Rs 2,680 per sq.ft.

What are the stamp duty rates for properties in Thiru Kumaran Nagar?

The stamp duty for properties in Thiru Kumaran Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Thiru Kumaran Nagar located?

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