Guideline Value for THIRUMALAI NAGAR IST CROSS STREET

Thirumalai Nagar Ist Cross Street guideline value

The current guideline value of Thirumalai Nagar Ist 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 is classified as Residential Special Type - IV.

How the guideline value of Thirumalai Nagar Ist Cross Street has changed

The guideline value for Thirumalai Nagar Ist Cross Street has seen significant changes over the years. Starting from Rs 270 per sq.ft in 2002, it increased to Rs 305 per sq.ft in 2003, marking a 13% rise. The value then surged to Rs 1,250 per sq.ft in 2007, reflecting a substantial increase of 310%. In 2012, the value adjusted to Rs 5,000 per sq.ft, indicating a decrease of 33%. The next revision in 2017 saw the value rise to Rs 3,350 per sq.ft, a notable increase of 49%. The value further increased to Rs 5,000 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 5,500 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the revisions in the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 1,937%.

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. The median value of these streets is Rs 3,300 per sq.ft, placing Thirumalai Nagar Ist Cross Street above this median.

• Thirumalai Nagar Main Road: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annexe Padmavathy Avenue: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annexe Bharathi Street: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annexe 5th Cross Street: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annexe 4th Cross Street: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annexe 3rd Main Road Cross Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalai Nagar Ist 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 would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, while the registration fee at 2% would be Rs 1,10,000. Together, the total cost would be 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 also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirumalai Nagar Ist Cross Street?

The Sub Registrar Office that covers Thirumalai Nagar Ist 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. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Perungudi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the government register.

When buying or selling property, the guideline value helps in establishing a fair value for the property, which is essential for legal and financial purposes. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar Ist Cross Street?

The current guideline value of Thirumalai Nagar Ist 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 increased significantly from Rs 270 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 1,937%.

What are the other streets in Perungudi with the same guideline value?

Other streets in Perungudi with the same 2024 guideline value of Rs 5,500 per sq.ft include Thirumalai Nagar Main Road, Thirumalai Nagar Annexe Padmavathy Avenue, Thirumalai Nagar Annexe Bharathi Street, Thirumalai Nagar Annexe 5th Cross Street, Thirumalai Nagar Annexe 4th Cross Street, and Thirumalai Nagar Annexe 3rd Main Road Cross Street.

What are the stamp duty and registration fees for property in Thirumalai Nagar Ist Cross Street?

The stamp duty for a property valued at Rs 55,00,000 would be Rs 3,85,000, and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Where is the Sub Registrar Office for Thirumalai Nagar Ist Cross Street located?

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