Guideline Value for THIRUGNANASAMBANDAM STREET

Thirugnanasambandam Street guideline value

The current guideline value of Thirugnanasambandam Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village, under the Chennai South Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Thirugnanasambandam Street has changed

The guideline value for Thirugnanasambandam Street has seen several revisions over the years. In 2002, the value was Rs 397 per sq.ft, which increased to Rs 458 per sq.ft in 2003, marking a rise of 15%. The value then saw a significant increase to Rs 1,000 per sq.ft in 2007, an increase of 118%. Following this, the value surged to Rs 3,200 per sq.ft in 2012, reflecting a remarkable increase of 220%. However, it dropped to Rs 2,144 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 3,200 per sq.ft in 2023, before reaching the current value of Rs 3,520 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 787%. The register does not contain figures for any other years for this street.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a guideline value for 2024, ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 4,620 per sq.ft, placing Thirugnanasambandam Street's 2024 figure below that median.

• Thirukumaran St: Rs 3,080 per sq.ft (2024)
• Thirumal 7th Street (Gandhi Nagar): Rs 3,520 per sq.ft (2024)
• Thirumal Street: Rs 3,520 per sq.ft (2024)
• Thirumoolar Street: Rs 3,520 per sq.ft (2024)
• Thanigaimalai St: Rs 3,080 per sq.ft (2024)
• Thandavarayan Street: Rs 3,080 per sq.ft (2024)

Stamp duty and registration fee for property in Thirugnanasambandam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, while the registration fee at 2% would be Rs 70,400, making the total fees together Rs 3,16,800. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Thirugnanasambandam Street?

The Sub Registrar Office that covers Thirugnanasambandam Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035, Chennai registration zone.

For more information, you can find your SRO.

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

The guideline value is a crucial factor during property registration in Ekkaduthangal. It serves as a benchmark for calculating the stamp duty and registration fees that are payable when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property transaction occurs, the registration office uses the guideline value to determine the applicable fees. This ensures that all transactions are recorded accurately and that the necessary taxes are collected based on the established values.

Frequently asked questions

What is the current guideline value of Thirugnanasambandam Street?

The current guideline value of Thirugnanasambandam Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 397 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 787% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Which Sub Registrar Office handles transactions for this street?

The Chennai South Joint I Sub Registrar Office handles transactions for Thirugnanasambandam Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the land classification for Thirugnanasambandam Street?

Thirugnanasambandam Street is classified as Residential Class III Type - I.