Guideline Value for THIRUKURALNAGAR

Thirukuralnagar guideline value

The current guideline value of Thirukuralnagar, located in Eachankaranai village under the Chengleput Joint II SRO, is Rs 500 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - I.

How the guideline value of Thirukuralnagar has changed

The guideline value for Thirukuralnagar has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 335 per sq.ft, reflecting a decrease of 33%. In 2023, the value returned to Rs 500 per sq.ft, and the 2024 revision has maintained this figure, showing no change from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been no change in the guideline value for Thirukuralnagar, as it remains at Rs 500 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Eachankaranai

In Eachankaranai, 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, placing Thirukuralnagar's 2024 figure at this median level.

• Thirukumaran Nagar: 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 Thirukuralnagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirukuralnagar?

The Sub Registrar Office that covers Thirukuralnagar 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 the registration of property transactions in Eachankaranai. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thirukuralnagar?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft since 2012, with a decrease to Rs 335 per sq.ft in 2017, followed by an increase back to Rs 500 per sq.ft in 2023 and 2024.

What is the land classification for Thirukuralnagar?

The land classification for Thirukuralnagar is Mixed Special Type - I.

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

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000.

Where can I find the Sub Registrar Office for Thirukuralnagar?

The Sub Registrar Office for Thirukuralnagar is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chenglepud Joint II SRO.