Guideline Value for THIRUMAL NAGAR 3RD CROSS STREET

Thirumal Nagar 3rd Cross Street guideline value

The current guideline value of Thirumal Nagar 3rd Cross Street is Rs 2,740 per sq.ft. This street is located in Poonthamallee village, under the Poonamallee SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thirumal Nagar 3rd Cross Street has changed

Since the 2012 revision, the guideline value for Thirumal Nagar 3rd Cross Street has seen several changes. In 2012, the value was Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and then rose again to Rs 2,740 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the increase was 49%, followed by a 10% rise from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Poonthamallee

In Poonthamallee, there are 257 streets under the Poonamallee SRO with a 2024 guideline value ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Thirumal Nagar 3rd Cross Street's 2024 figure above this median.

• Thirumal Nagar 2nd Main Street: Rs 2,740 per sq.ft (2024)
• Thirumal Nagar 4th And 5th Cross Street: Rs 2,740 per sq.ft (2024)
• Thirumal Nagar 1st And 2nd Cross Street: Rs 2,740 per sq.ft (2024)
• Thirumal Nagar 6th Cross Street: Rs 2,740 per sq.ft (2024)
• Thirumal Nagar Ext: Rs 2,740 per sq.ft (2024)
• Thirumal Nagar First Main Street: Rs 2,740 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumal Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,740 per sq.ft, the total guideline value amounts to Rs 27,40,000. The stamp duty at 7% would be Rs 1,91,800, and the registration fee at 2% would be Rs 54,800, bringing the total to Rs 2,46,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirumal Nagar 3rd Cross Street?

The Sub Registrar Office that covers Thirumal Nagar 3rd Cross Street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Poonthamallee. It serves as a benchmark for determining the minimum value at which properties can be sold or purchased, ensuring transparency in the transaction process.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This system helps maintain a fair and regulated real estate market in the region.

Frequently asked questions

What is the current guideline value of Thirumal Nagar 3rd Cross Street?

The current guideline value of Thirumal Nagar 3rd Cross Street is Rs 2,740 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,740 per sq.ft in 2024.

What is the land classification for Thirumal Nagar 3rd Cross Street?

Thirumal Nagar 3rd Cross Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in Thirumal Nagar 3rd Cross Street?

For a property valued at Rs 27,40,000, the stamp duty at 7% would be Rs 1,91,800, and the registration fee at 2% would be Rs 54,800, totaling Rs 2,46,600.

Which Sub Registrar Office covers the area of Thirumal Nagar 3rd Cross Street?

The Poonamallee Sub Registrar Office covers Thirumal Nagar 3rd Cross Street, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.