Guideline Value for THIRUKURAL NAGAR PHASE I

Thirukural Nagar Phase I guideline value

The current guideline value for Thirukural Nagar Phase I is Rs 700 per sq.ft. This area is located in Kayirambedu village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Thirukural Nagar Phase I has changed

The register has no figure for the years 2002, 2003, 2007, 2012, and 2017 for Thirukural Nagar Phase I. In the 2023 revision, the guideline value was set at Rs 700 per sq.ft, which remained unchanged in the 2024 revision, also at Rs 700 per sq.ft. This indicates that there has been no percentage change between the 2023 and 2024 revisions, reflecting a stable guideline value for this street.

Overall, the guideline value for Thirukural Nagar Phase I has consistently been recorded at Rs 700 per sq.ft since the 2023 revision. The 2024 revision confirms this value, indicating that it aligns with the median guideline value for the streets in Kayirambedu.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 400 to Rs 3,550 per sq.ft. The median guideline value is Rs 700 per sq.ft, placing Thirukural Nagar at this median value.

• Thirukural Nagar: Rs 700 per sq.ft (2024)
• Thirukumaran Nagar: Rs 500 per sq.ft (2024)
• Thiru. Gopal Nagar Phase II: Rs 700 per sq.ft (2024)
• Thiru.Gopal Nagar: Rs 700 per sq.ft (2024)
• Thangappan Avenue: Rs 700 per sq.ft (2024)
• Thamizh Selvi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Thirukural Nagar Phase I

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thirukural Nagar Phase I?

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

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

The guideline value is a crucial factor when registering property transactions in Kayirambedu. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When you buy or sell property, the guideline value helps determine the minimum value at which the property can be registered. This ensures that the transaction is documented accurately for legal and taxation purposes.

Frequently asked questions

What is the current guideline value for Thirukural Nagar Phase I?

The current guideline value for Thirukural Nagar Phase I is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 700 per sq.ft since the 2023 revision, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Thirukural Nagar Phase I?

The land classification for Thirukural Nagar Phase I is Residential Special Type - II, indicating its suitability for residential development.

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

For a property valued at Rs 7,00,000, the stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000.

Where is the Sub Registrar Office for Thirukural Nagar Phase I located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.