Guideline Value for THIRUKUMARAN AVENUE

Thirukumaran Avenue guideline value

The current guideline value of Thirukumaran Avenue, located in Thangi village under the Walajabad SRO, is Rs 126 per sq.ft. This value is effective from the 2024 revision, which came into effect on 1 July 2024. The land classification for this area is Residential Class II Type - III.

How the guideline value of Thirukumaran Avenue has changed

Thirukumaran Avenue has seen several revisions in its guideline value over the years. The most recent revision in 2024 maintains the guideline value at Rs 126 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 84 per sq.ft, reflecting a 50% increase from 2017 to 2023. The 2012 revision had set the value at Rs 125 per sq.ft, which shows a decrease of 33% when compared to the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 1%.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. The 2012 revision was the first recorded value for Thirukumaran Avenue, and since then, the guideline value has fluctuated as described.

Guideline values in Thangi

In Thangi village, there are six streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 126 to Rs 300 per sq.ft. The median guideline value for these streets is Rs 225 per sq.ft, positioning Thirukumaran Avenue below that median.

• Subiksham Nagar: Rs 200 per sq.ft (2024)
• Sri Kumaran Avenue: Rs 126 per sq.ft (2024)
• Aparna Avenue: Rs 300 per sq.ft (2024)
• Anugragham Nagar Ext: Rs 250 per sq.ft (2024)
• Vetri Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Thirukumaran Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 126 per sq.ft, the total guideline value amounts to Rs 1,26,000. The stamp duty, calculated at 7%, would be Rs 8,820, while the registration fee at 2% would be Rs 2,520. This brings the total cost for stamp duty and registration fees to Rs 11,340. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thirukumaran Avenue?

The Sub Registrar Office that covers Thirukumaran Avenue is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor during the registration of property transactions in Thangi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value, which is critical for legal and taxation purposes. Buyers and sellers should always refer to the latest guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Thirukumaran Avenue?

The current guideline value of Thirukumaran Avenue is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 126 per sq.ft from 2023 to 2024, increased by 50% from Rs 84 per sq.ft in 2017 to 2023, and decreased by 33% from Rs 125 per sq.ft in 2012 to 2017.

What are the other streets in Thangi with their guideline values?

Other streets in Thangi include Subiksham Nagar at Rs 200 per sq.ft, Sri Kumaran Avenue at Rs 126 per sq.ft, Aparna Avenue at Rs 300 per sq.ft, Anugragham Nagar Ext at Rs 250 per sq.ft, and Vetri Nagar at Rs 250 per sq.ft.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 8,820 and the registration fee would be Rs 2,520, totaling Rs 11,340.

Which Sub Registrar Office covers Thirukumaran Avenue?

The Walajabad Sub Registrar Office covers Thirukumaran Avenue, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.