Guideline Value

Corporate

Guideline Value for THIRUMOOLAR STREET

₹3520/sq.ft.

The guideline value for Thirumoolar Street in Ekkaduthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 3520 per sq.ft, effective 1 July 2024. It was Rs 3200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ekkaduthangal

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹3520 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹458 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹397 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thirumoolar Street

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Thirumoolar Street guideline value

The current guideline value of Thirumoolar Street in Ekkaduthangal village is Rs 3,520 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class III Type - I.

How the guideline value of Thirumoolar Street has changed

The guideline value for Thirumoolar Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 397 per sq.ft. It increased to Rs 458 per sq.ft in 2003, then saw a significant rise to Rs 700 per sq.ft in 2007. The value then jumped dramatically to Rs 3,200 per sq.ft in 2012, before dropping to Rs 2,144 per sq.ft in 2017. The 2023 revision set the value at Rs 3,200 per sq.ft, and the most recent 2024 revision raised it to Rs 3,520 per sq.ft.

Between the revisions, there have been notable changes. From 2002 to 2024, the overall increase has been 787%. The most significant jump occurred from 2007 to 2012, with an increase of 357%. The value saw a decrease of 33% from 2012 to 2017, while the increase from 2017 to 2023 was 49%. The latest revision from 2023 to 2024 reflects a 10% increase.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median value for these streets is Rs 4,620 per sq.ft, placing Thirumoolar Street's 2024 figure below that median.

Stamp duty and registration fee for property in Thirumoolar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, while the registration fee at 2% would be Rs 70,400. Together, the total cost for stamp duty and registration fee would be Rs 3,16,800. Please note that the 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 Thirumoolar Street?

The Sub Registrar Office that covers Thirumoolar Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Ekkaduthangal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thirumoolar Street?

The current guideline value of Thirumoolar Street is Rs 3,520 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 397 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 787% over the years.

What are the stamp duty and registration fees for a property in Thirumoolar Street?

The stamp duty for a property valued at Rs 35,20,000 would be Rs 2,46,400, and the registration fee would be Rs 70,400, making the total Rs 3,16,800.

Which office handles registrations for Thirumoolar Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Thirumoolar Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the land classification of Thirumoolar Street?

Thirumoolar Street is classified as Residential Class III Type - I, which is relevant for determining its guideline value and usage in property transactions.