Guideline Value for THIRUCHUDAR

Thiruchudar guideline value

The current guideline value of Thiruchudar, located in Kovilambakkam village under the Pallavaram SRO, is Rs 4,070 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Thiruchudar has changed

The guideline value for Thiruchudar has undergone several revisions over the years. The 2012 revision set the value at Rs 3,700 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 2,479 per sq.ft. This was followed by a significant increase in the 2023 revision, raising the value to Rs 3,700 per sq.ft, and further to Rs 4,070 per sq.ft in the 2024 revision.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The most recent change from 2023 to 2024 reflects an increase of 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kovilambakkam

Kovilambakkam has 61 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,320 to Rs 5,610 per sq.ft as of 2024. The median guideline value for the village is Rs 2,750 per sq.ft, placing Thiruchudar's 2024 figure above this median.

• Thiru Nagar: Rs 2,750 per sq.ft (2024)
• Tamilkudimagan Nagar: Rs 2,750 per sq.ft (2024)
• Syndicate Bank Staff Colony: Rs 2,750 per sq.ft (2024)
• Suseela Nagar: Rs 2,750 per sq.ft (2024)
• Thiruvenkandam Nagar: Rs 2,160 per sq.ft (2024)
• Thiruvin Nagar: Rs 4,070 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruchudar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,070 per sq.ft, the total guideline value amounts to Rs 40,70,000. The stamp duty at 7% would be Rs 2,84,900, and the registration fee at 2% would be Rs 81,400, bringing the total to Rs 3,66,300. 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 details.

Which Sub Registrar Office covers Thiruchudar?

The Sub Registrar Office that covers Thiruchudar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Kovilambakkam, the guideline value is a crucial factor during the registration process. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per the government’s valuation.

Both buyers and sellers must be aware that the guideline value is used to determine the minimum sale price for property transactions. This means that if the sale price is lower than the guideline value, the duty will be calculated based on the guideline value instead.

Frequently asked questions

What is the current guideline value of Thiruchudar?

The current guideline value of Thiruchudar is Rs 4,070 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the 2012 figure at Rs 3,700 per sq.ft, decreasing to Rs 2,479 per sq.ft in 2017, then increasing to Rs 3,700 per sq.ft in 2023, and finally reaching Rs 4,070 per sq.ft in 2024.

What is the land classification for Thiruchudar?

The land classification for Thiruchudar is Mixed Type - I, which indicates the type of development permitted in the area.

What are the guideline values of other streets in Kovilambakkam?

Other streets in Kovilambakkam have varying guideline values. For example, Thiru Nagar, Tamilkudimagan Nagar, Syndicate Bank Staff Colony, and Suseela Nagar all have a guideline value of Rs 2,750 per sq.ft in 2024, while Thiruvenkandam Nagar is at Rs 2,160 per sq.ft.

Where is the Pallavaram Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone.