Guideline Value for THIRUKUMARAN NAGAR

Thirukumaran Nagar guideline value

The current guideline value of Thirukumaran Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Eachankaranai village under the Chengleput Joint II SRO, classified as Mixed Special Type - I.

How the guideline value of Thirukumaran Nagar has changed

Over the years, the guideline value of Thirukumaran Nagar has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 101 per sq.ft. This increased significantly to Rs 500 per sq.ft in 2012, marking a 395% rise. However, it then dropped to Rs 335 per sq.ft in 2017, a decrease of 33%. The value remained at Rs 500 per sq.ft in both 2023 and the latest revision in 2024, indicating no change between these two years.

The overall change from the 2007 revision to the 2024 revision is an increase of 395%. Notably, there are no recorded figures for the years 2002 and 2003 for this street.

Guideline values in Eachankaranai

In Eachankaranai village, there are 10 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft. The median value for these streets is Rs 500 per sq.ft, which matches the current value of Thirukumaran Nagar.

• Thirukuralnagar: Rs 500 per sq.ft (2024)
• Sthiya Sai Nagar: Rs 400 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 400 per sq.ft (2024)
• Sree Baba Nagar: Rs 500 per sq.ft (2024)
• Pristine Pavilion: Rs 400 per sq.ft (2024)
• Happy Valley: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Thirukumaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thirukumaran Nagar?

The Sub Registrar Office that covers Thirukumaran Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Eachankaranai

The guideline value plays a crucial role during property registration in Eachankaranai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

When a property is bought or sold, the guideline value is used to determine the applicable charges. Buyers and sellers must be aware that the stamp duty is calculated on the higher of the guideline value or the sale price, which influences the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Thirukumaran Nagar?

The current guideline value of Thirukumaran Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 101 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then decreased to Rs 335 per sq.ft in 2017, and remained at Rs 500 per sq.ft in 2023 and 2024.

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

Other streets in Eachankaranai include Thirukuralnagar at Rs 500 per sq.ft, Sthiya Sai Nagar at Rs 400 per sq.ft, Sri Kumaran Nagar at Rs 400 per sq.ft, Sree Baba Nagar at Rs 500 per sq.ft, Pristine Pavilion at Rs 400 per sq.ft, and Happy Valley at Rs 2,000 per sq.ft.

What is the registration fee for property in Thirukumaran Nagar?

The registration fee for a property in Thirukumaran Nagar is calculated based on the guideline value. For example, for a property valued at Rs 5,00,000, the registration fee would be Rs 10,000 at a rate of 2%.

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

The Sub Registrar Office for Thirukumaran Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.