Guideline Value for THIRUKURAL NAGAR (KOD)

Thirukural Nagar (Kod) guideline value

The current guideline value of Thirukural Nagar (Kod) is Rs 551 per sq.ft, effective from 1 July 2024. This area is located in Kadampur village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thirukural Nagar (Kod) has changed

The guideline value for Thirukural Nagar (Kod) has seen several revisions over the years. In 2012, the guideline value was set at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. Following this, the value increased to Rs 500 per sq.ft in 2023, and currently stands at Rs 551 per sq.ft as of the 2024 revision.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased significantly by 49%. The latest revision from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kadampur

In Kadampur village, there are 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 2,200 per sq.ft. The median value is Rs 551 per sq.ft, which is equal to the current guideline value of Thirukural Nagar (Kod).

• Thirumalai Premimum County (Ward -9): Rs 1,100 per sq.ft (2024)
• Tank Street (Ward -9): Rs 551 per sq.ft (2024)
• T.N.H.B.Coodalur Village (Ward -9): Rs 551 per sq.ft (2024)
• Sundarapuram Kalivanthapattu (Ward -9): Rs 551 per sq.ft (2024)
• Vanchinathan Nagar (Kod): Rs 551 per sq.ft (2024)
• Vigilance Nagar: Rs 551 per sq.ft (2024)

Stamp duty and registration fee for property in Thirukural Nagar (Kod)

For a 1,000 sq.ft plot at the current rate of Rs 551 per sq.ft, the guideline value amounts to Rs 5,51,000. The stamp duty at 7% would be Rs 38,570, and the registration fee at 2% would be Rs 11,020, making the total Rs 49,590. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Thirukural Nagar (Kod)?

The Sub Registrar Office that covers Thirukural Nagar (Kod) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kadampur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is essential for calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Thirukural Nagar (Kod)?

The current guideline value of Thirukural Nagar (Kod) is Rs 551 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and is now Rs 551 per sq.ft in 2024.

What is the land classification of Thirukural Nagar (Kod)?

Thirukural Nagar (Kod) is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For example, for a property valued at Rs 5,51,000, the total fees would amount to Rs 49,590.

Which Sub Registrar Office covers this area?

The Chengleput Joint II Sub Registrar Office covers Thirukural Nagar (Kod), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.