Guideline Value for THIRUKKURAL STREET

Thirukkural Street guideline value

The current guideline value of Thirukkural Street is Rs 1,950 per sq.ft. This street is located in Chitthalapakkam village, under the Selaiyur SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of Thirukkural Street has changed

The guideline value for Thirukkural Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,800 per sq.ft, reflecting a rise of 79%. The most recent revision in 2024 has set the guideline value at Rs 1,950 per sq.ft, which is an increase of 8% from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Thirukkural Street. Overall, from 2012 to 2024, the guideline value has increased by 30%.

Guideline values in Chitthalapakkam

In Chitthalapakkam, there are 107 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 1,300 to Rs 5,000 per sq.ft, with a median value of Rs 2,900 per sq.ft. The guideline value of Thirukkural Street is below this median.

• Thirumalai Nagar: Rs 2,700 per sq.ft (2024)
• Thendral Nagar: Rs 2,100 per sq.ft (2024)
• The Breeze By Jones: Rs 3,350 per sq.ft (2024)
• Thirumurugan Nagar: Rs 2,700 per sq.ft (2024)
• Thaumanavar Street: Rs 2,700 per sq.ft (2024)
• Tamilselvi Nagar: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thirukkural Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,950 per sq.ft, the total guideline value would be Rs 19,50,000. The stamp duty at 7% would amount to Rs 1,36,500, and the registration fee at 2% would be Rs 39,000. Therefore, the total cost for stamp duty and registration would be Rs 1,75,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirukkural Street?

The Sub Registrar Office that covers Thirukkural Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chitthalapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. The higher value between the guideline value and the sale price is used to calculate these fees.

When a property is registered, it is essential to refer to the current guideline value to ensure compliance with the legal requirements. This value is updated periodically, and it is advisable to check the latest figures before proceeding with any property transactions.

Frequently asked questions

What is the current guideline value of Thirukkural Street?

The current guideline value of Thirukkural Street is Rs 1,950 per sq.ft as per the 2024 revision.

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 1,950 per sq.ft in 2024, reflecting an overall increase of 30% over this period.

What is the median guideline value in Chitthalapakkam?

The median guideline value in Chitthalapakkam is Rs 2,900 per sq.ft, with Thirukkural Street's value being below this median.

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

For a property valued at Rs 19,50,000, the stamp duty would be Rs 1,36,500, and the registration fee would be Rs 39,000, totaling Rs 1,75,500.

Where is the Sub Registrar Office for Thirukkural Street located?

The Sub Registrar Office for Thirukkural Street is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.