Guideline Value for THIRUMALAI NAGAR ANNEXE 3RD CROSS STREET

Thirumalai Nagar Annexe 3rd Cross Street guideline value

The current guideline value of Thirumalai Nagar Annexe 3rd Cross Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village under the Neelankarai SRO, classified as Residential Special Type - IV.

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

The guideline value has undergone several revisions over the years. The 2007 revision recorded a value of Rs 1,250 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in the 2012 revision, marking a 300% increase. However, the value then decreased to Rs 3,350 per sq.ft in the 2017 revision, reflecting a drop of 33% from the previous figure.

In the 2023 revision, the guideline value rose to Rs 5,000 per sq.ft, and further increased to Rs 5,500 per sq.ft in the 2024 revision, representing a 10% increase. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 340%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value is Rs 3,300 per sq.ft, placing Thirumalai Nagar Annexe 3rd Cross Street above this median.

• Thirumalai Nagar Annexe 2nd Main Road: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annexe 3rd Main Road: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annexe 2nd Cross Street: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annexe 3rd Main Road Cross Street: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annexe 1st Main Road: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annexe 4th Cross Street: Rs 5,500 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirumalai Nagar Annexe 3rd Cross Street?

The Thirumalai Nagar Annexe 3rd Cross Street falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Perungudi. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal and financial implications of the transaction. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

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

The current guideline value of Thirumalai Nagar Annexe 3rd Cross Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,250 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

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

The land classification for Thirumalai Nagar Annexe 3rd Cross Street is Residential Special Type - IV, indicating its designated use for residential purposes.

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

The Sub Registrar Office for Thirumalai Nagar Annexe 3rd Cross Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in Thirumalai Nagar Annexe 3rd Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total stamp duty of Rs 3,85,000.