Guideline Value for THIRUKUMARAN NAGAR

Thirukumaran Nagar guideline value

The current guideline value of Thirukumaran Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This village is part of Uthukkadu under the Walajabad SRO and is classified as Residential Class I Type - II.

How the guideline value of Thirukumaran Nagar has changed

The guideline value for Thirukumaran Nagar has remained stable at Rs 300 per sq.ft for both the 2023 and 2024 revisions. Prior to this, the 2017 revision recorded a guideline value of Rs 201 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Uthukkadu - A

In Uthukkadu - A, there are 38 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft, with a median value of Rs 350 per sq.ft. Thirukumaran Nagar's guideline value is below this median.

• Vaisnavi Avenue Phase -I: Rs 350 per sq.ft (2024)
• Sri Sudharsan Gardens: Rs 300 per sq.ft (2024)
• Sri Sivasakthi Nagar: Rs 300 per sq.ft (2024)
• Sri Shivam Avenue: Rs 350 per sq.ft (2024)
• Vasantha Nagar: Rs 350 per sq.ft (2024)
• Sri Rangiyam Karuppar Avenue: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Thirukumaran Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the 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 Thirukumaran Nagar?

The Sub Registrar Office that covers Thirukumaran Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To locate your SRO, you can find your SRO.

How the guideline value is used when you buy or sell in Uthukkadu - A

The guideline value is a crucial factor when registering property transactions in Uthukkadu - A. It serves as a reference point for determining the stamp duty and registration fees applicable to the property being sold or purchased.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and financial purposes. Buyers and sellers should be aware of the guideline value to understand the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Thirukumaran Nagar?

The current guideline value of Thirukumaran Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft for both the 2023 and 2024 revisions, while it was Rs 201 per sq.ft in 2017, reflecting a 49% increase from 2017 to 2023.

Are there any years without a recorded guideline value for Thirukumaran Nagar?

Yes, there are no recorded figures for the years 2002, 2003, 2007, and 2012 for Thirukumaran Nagar.

What is the stamp duty rate for properties in Thirukumaran Nagar?

The stamp duty rate for properties in Thirukumaran Nagar is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Thirukumaran Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.