Guideline Value for THIRUKKURAL NAGAR

Thirukkural Nagar guideline value

The current guideline value of Thirukkural Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this street is Residential Class IV Type - II.

How the guideline value of Thirukkural Nagar has changed

The guideline value of Thirukkural Nagar has undergone several revisions since 2002. The earliest recorded figure was Rs 54 per sq.ft in 2002, which increased to Rs 100 per sq.ft in 2003, marking an increase of 85%. By 2007, the value surged to Rs 400 per sq.ft, reflecting a significant rise of 300%. The value remained at Rs 400 per sq.ft until 2012, when it was revised to Rs 1,200 per sq.ft, indicating a remarkable increase of 200%.

In 2023, the guideline value was set at Rs 1,200 per sq.ft, and it saw a further increase to Rs 1,320 per sq.ft in 2024, which is a 10% rise. Notably, there is no figure available for the year 2017 for this street. Overall, from 2002 to 2024, the guideline value has increased by 2344%.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Thirukkural Nagar's 2024 figure below this median.

• Theradi Street: Rs 1,320 per sq.ft (2024)
• THENMALAI NAGAR 2nd CROSS STREET: Rs 1,320 per sq.ft (2024)
• THENMALAI NAGAR 1st ROAD: Rs 1,320 per sq.ft (2024)
• Theeran Chinna Malai Street: Rs 2,200 per sq.ft (2024)
• Thiruvalluvar 2ndstreet: Rs 1,650 per sq.ft (2024)
• Thanthai Periyar Kamaraj Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Thirukkural Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirukkural Nagar?

The Sub Registrar Office that covers Thirukkural Nagar 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. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Pallikaranai. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is assessed to determine the minimum value at which the property can be registered. This value is essential for both buyers and sellers to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Thirukkural Nagar?

The current guideline value of Thirukkural Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 54 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 2344%.

What is the median guideline value in Pallikaranai?

The median guideline value in Pallikaranai is Rs 1,650 per sq.ft, which is higher than the current value of Thirukkural Nagar.

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

For a property valued at Rs 13,20,000, the stamp duty is Rs 92,400 and the registration fee is Rs 26,400, totaling Rs 1,18,800.

Where can I find the Sub Registrar Office for Thirukkural Nagar?

The Sub Registrar Office for Thirukkural Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.