Guideline Value for THIRUMALAI NAGAR ANNEXE 4TH CROSS STREET

Thirumalai Nagar Annexe 4th Cross Street guideline value

The current guideline value of Thirumalai Nagar Annexe 4th 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, and it falls under the Residential Special Type - IV land classification.

How the guideline value of Thirumalai Nagar Annexe 4th Cross Street has changed

Over the years, the guideline value for Thirumalai Nagar Annexe 4th Cross Street has seen significant changes. The 2007 revision recorded a guideline value of Rs 1,250 per sq.ft, which increased to Rs 5,000 per sq.ft in 2012, marking a substantial rise of 300%. However, this value decreased to Rs 3,350 per sq.ft in 2017, a decline of 33%. The value then jumped to Rs 5,000 per sq.ft in 2023, followed by another increase to Rs 5,500 per sq.ft in 2024, which is a rise of 10%.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen 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 that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft, with a median value of Rs 3,300 per sq.ft. Thirumalai Nagar Annexe 4th Cross Street's guideline value is above this median.

• Thirumalai Nagar Annexe 3rd Main Road Cross Street: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annexe 5th Cross Street: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annexe 3rd Main Road: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annexe Bharathi Street: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annexe 3rd Cross Street: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annexe Padmavathy Avenue: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalai Nagar Annexe 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total 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, leading to a total of Rs 4,95,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Thirumalai Nagar Annexe 4th Cross Street?

The Thirumalai Nagar Annexe 4th Cross Street is covered by 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 the registration process of property transactions in Perungudi. It serves as a benchmark for assessing the value of the property being sold or purchased, ensuring that the registration fees and stamp duties are calculated accordingly.

When a buyer or seller engages in a property transaction, the guideline value is considered to determine the applicable fees. This ensures transparency in the registration process and helps to standardize property values within the locality.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar Annexe 4th Cross Street?

The current guideline value of Thirumalai Nagar Annexe 4th 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 significantly from Rs 1,250 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 340% over the years.

What is the land classification of this street?

Thirumalai Nagar Annexe 4th Cross Street is classified as Residential Special Type - IV.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is 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 this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 at a rate of 7%.