Guideline Value for THIRUMALAI NAGAR EXTENSION 6TH CROSS STREET

Thirumalai Nagar Extension 6th Cross Street guideline value

The current guideline value of Thirumalai Nagar Extension 6th Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Thirumalai Nagar Extension 6th Cross Street has changed

The guideline value for this street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, which is an increase from the 2023 revision of Rs 2,500 per sq.ft, marking an 8% change. The register does not have figures for the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, there are no recorded figures for the guideline value of Thirumalai Nagar Extension 6th Cross Street in the earlier years mentioned. The 2024 figure of Rs 2,700 per sq.ft is above the median value of Rs 2,200 per sq.ft for the 472 streets in Chembakkam under the Selaiyur SRO.

Guideline values in Chembakkam

In Chembakkam, the guideline values for various streets range from Rs 850 to Rs 6,700 per sq.ft, with the median being Rs 2,200 per sq.ft. Thirumalai Nagar Extension 6th Cross Street's 2024 guideline value of Rs 2,700 per sq.ft is above this median.

• Thirumalai Nagar Ext: Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar 9th Street: Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar Main Road: Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar 9th cross Street: Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar 8th Street: Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar Part: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalai Nagar Extension 6th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirumalai Nagar Extension 6th Cross Street?

The Sub Registrar Office that covers Thirumalai Nagar Extension 6th Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of properties in Chembakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. It is essential to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Thirumalai Nagar Extension 6th Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, reflecting an 8% change.

What is the land classification for this area?

The land classification for Thirumalai Nagar Extension 6th Cross Street is Residential Class I Type - III.

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

The Sub Registrar Office for Thirumalai Nagar Extension 6th Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property with a guideline value of Rs 27,00,000, the stamp duty would be Rs 1,89,000 at 7%.