Guideline Value for THIRUKUMARAN NAGAR

Thirukumaran Nagar guideline value

The current guideline value of Thirukumaran Nagar, located in Mappedu village under the Perambakkam SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Thirukumaran Nagar has changed

In the 2023 revision, the guideline value for Thirukumaran Nagar was Rs 300 per sq.ft. The 2024 revision also lists the guideline value at Rs 300 per sq.ft, indicating no change between these two years. For the years 2017, 2012, 2007, 2003, and 2002, the register has no figure for this street.

Thus, the guideline value has remained consistent at Rs 300 per sq.ft from 2023 to 2024, showing a change of +0% during this period. The absence of figures in earlier revisions suggests stability in the guideline value for this specific street over the years.

Guideline values in Mappedu

In Mappedu, there are 9 streets under the Perambakkam SRO that carry a 2024 guideline value, ranging from Rs 234 to Rs 400 per sq.ft. The median value among these streets is Rs 275 per sq.ft, placing Thirukumaran Nagar's 2024 figure above the median.

• Star City: Rs 268 per sq.ft (2024)
• Sri Vigneshwara Nagar: Rs 268 per sq.ft (2024)
• Sri Krishna Nagar: Rs 234 per sq.ft (2024)
• Sri Dhanalakshmi Nagar: Rs 275 per sq.ft (2024)
• Sadasivam Nagar: Rs 275 per sq.ft (2024)
• Rose Garden: Rs 400 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 300 per sq.ft, the total 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, bringing the total fees to Rs 27,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more detailed calculations, 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 Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Mappedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the buying or selling process.

When you proceed with a property transaction, the guideline value helps ensure that the fees are calculated based on a standardized rate, which can help prevent undervaluation of properties during registration.

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 from 2023 to 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values of other streets in Mappedu?

Other streets in Mappedu have varying guideline values, ranging from Rs 234 to Rs 400 per sq.ft. Thirukumaran Nagar's value is above the median of Rs 275 per sq.ft.

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

For a 1,000 sq.ft plot valued at Rs 300 per sq.ft, the total guideline value is Rs 3,00,000. The stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Where is the Sub Registrar Office for Thirukumaran Nagar located?

The Sub Registrar Office for Thirukumaran Nagar is located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.