Guideline Value for THIRUMAL NAGAR 4TH AND 5TH CROSS STREET

Thirumal Nagar 4th And 5th Cross Street guideline value

The current guideline value for Thirumal Nagar 4th And 5th Cross Street is Rs 2,740 per sq.ft, effective from 1 July 2024. 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 4th And 5th Cross Street has changed

In the 2012 revision, the guideline value for Thirumal Nagar 4th And 5th Cross Street was Rs 2,500 per sq.ft. This figure was then reduced to Rs 1,675 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the value increased significantly to Rs 2,500 per sq.ft in the 2023 revision, and further rose to Rs 2,740 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year. The register has no figure for this street in the years 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The most notable change occurred between 2017 and 2023, where there was a substantial increase of 49%.

Guideline values in Poonthamallee

Poonthamallee has a total of 257 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Thirumal Nagar 4th And 5th Cross Street above this median.

• Thirumal Nagar 3rd Cross Street: Rs 2,740 per sq.ft (2024)
• Thirumal Nagar 6th Cross Street: Rs 2,740 per sq.ft (2024)
• Thirumal Nagar 2nd Main Street: Rs 2,740 per sq.ft (2024)
• Thirumal Nagar Ext: Rs 2,740 per sq.ft (2024)
• Thirumal Nagar 1st And 2nd Cross Street: 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 4th And 5th 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumal Nagar 4th And 5th Cross Street?

The Sub Registrar Office that covers Thirumal Nagar 4th And 5th 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Poonthamallee. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps in determining the minimum price at which a property can be registered. This ensures transparency and helps maintain a standard in property transactions within the region.

Frequently asked questions

What is the current guideline value for Thirumal Nagar 4th And 5th Cross Street?

The current guideline value for Thirumal Nagar 4th And 5th 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 back 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 this street?

Thirumal Nagar 4th And 5th Cross Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Thirumal Nagar 4th And 5th Cross Street is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is the stamp duty calculated for properties in this street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,40,000, the stamp duty would be Rs 1,91,800 at 7%.