Guideline Value for THIRUCHENDURPURAM

Thiruchendurpuram guideline value

The current guideline value of Thiruchendurpuram, located in Kovur village under the Kunrathur SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Thiruchendurpuram has changed

The guideline value for Thiruchendurpuram has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then changed to Rs 1,005 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, and then further rose to Rs 1,650 per sq.ft in the 2024 revision, reflecting a 10% increase.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a modest increase of 10%. The revisions for the years 2002, 2003, and 2007 do not have any figures available for this street.

Guideline values in Kovur

In Kovur, there are 91 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with the median value being Rs 1,650 per sq.ft. The guideline value for Thiruchendurpuram aligns with this median.

• Sundareswarar Sanathi Street: Rs 1,650 per sq.ft (2024)
• Sundareswarar Nagar: Rs 1,650 per sq.ft (2024)
• Sundaresapuram: Rs 1,650 per sq.ft (2024)
• Subbarayan Nagar: Rs 1,320 per sq.ft (2024)
• S.S. Nagar: Rs 1,650 per sq.ft (2024)
• S.R.S.Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruchendurpuram

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruchendurpuram?

The Sub Registrar Office that covers Thiruchendurpuram 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 Kovur

The guideline value plays a crucial role in the registration process when buying or selling property in Kovur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue based on property transactions.

When a property is sold, the buyer and seller must consider the guideline value to determine the applicable fees. This value ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thiruchendurpuram?

The current guideline value of Thiruchendurpuram is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Thiruchendurpuram?

The land classification for Thiruchendurpuram is Residential Special Type - I.

What are the stamp duty and registration fees for property in Thiruchendurpuram?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 16,50,000, the total fees would amount to Rs 1,48,500.

Where can I find the Sub Registrar Office for Thiruchendurpuram?

The Sub Registrar Office for Thiruchendurpuram is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information about your SRO online.