Guideline Value for THIRUMAL NAGAR 6TH CROSS STREET

Thirumal Nagar 6th Cross Street guideline value

The current guideline value of Thirumal Nagar 6th 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 6th Cross Street has changed

The guideline value for Thirumal Nagar 6th Cross Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in the 2017 revision. The value then increased to Rs 2,500 per sq.ft in 2023, and finally reached Rs 2,740 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. However, the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Poonthamallee

In Poonthamallee village, there are 257 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 1,980 to Rs 4,950 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Thirumal Nagar 6th Cross Street is above this median.

• Thirumal Nagar 4th And 5th Cross Street: Rs 2,740 per sq.ft (2024)
• Thirumal Nagar Ext: Rs 2,740 per sq.ft (2024)
• Thirumal Nagar 3rd Cross Street: Rs 2,740 per sq.ft (2024)
• Thirumal Nagar 2nd Main Street: 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 6th 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 would be Rs 27,40,000. The stamp duty at 7% would amount to 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 and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumal Nagar 6th Cross Street?

The Sub Registrar Office that covers Thirumal Nagar 6th Cross Street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee 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 in the registration process when buying or selling property in Poonthamallee. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that the transaction is documented at a value that reflects the current market conditions as per the official register.

Frequently asked questions

What is the current guideline value of Thirumal Nagar 6th Cross Street?

The current guideline value of Thirumal Nagar 6th 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 of Thirumal Nagar 6th Cross Street?

Thirumal Nagar 6th Cross Street is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for properties in this area?

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

Which Sub Registrar Office is responsible for Thirumal Nagar 6th Cross Street?

The Poonamallee Sub Registrar Office is responsible for Thirumal Nagar 6th Cross Street, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.