Guideline Value for THIRUNAVUKKARASU NAGAR

Thirunavukkarasu Nagar guideline value

The current guideline value of Thirunavukkarasu Nagar is Rs 2,860 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-B village under the Kunrathur SRO, classified as Commercial Class I Type - I.

How the guideline value of Thirunavukkarasu Nagar has changed

The guideline value for Thirunavukkarasu Nagar has seen significant changes over the years. The 2017 revision set the value at Rs 1,742 per sq.ft, which increased to Rs 2,600 per sq.ft in 2023, marking a 49% rise. The current 2024 revision reflects a further increase of 10%, bringing the guideline value to Rs 2,860 per sq.ft.

Between the 2017 and 2024 revisions, the guideline value has risen overall by 64%. It is important to note that the register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, indicating that Thirunavukkarasu Nagar's 2024 figure is above that median.

• Thiruneermalai Main Road, Othavadai Street: Rs 1,540 per sq.ft (2024)
• Thiruneermalai Road: Rs 1,540 per sq.ft (2024)
• Thirumurugan Nagar Annexe: Rs 1,540 per sq.ft (2024)
• Thirumudivakkam Road: Rs 1,540 per sq.ft (2024)
• Thiruvenkadam Avenue: Rs 1,760 per sq.ft (2024)
• Thanthai Periyar Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Thirunavukkarasu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total guideline value amounts to Rs 28,60,000. The stamp duty at 7% would be Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, resulting in a total of Rs 2,57,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirunavukkarasu Nagar?

The Sub Registrar Office that covers Thirunavukkarasu Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value plays a crucial role in the registration process when buying or selling property in Kunrathour-B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Buyers and sellers should be aware that the guideline value is used to assess the official value of the property, which can impact the overall costs involved in the purchase or sale. It is essential to consult the latest guideline values to ensure accurate financial planning.

Frequently asked questions

What is the current guideline value of Thirunavukkarasu Nagar?

The current guideline value of Thirunavukkarasu Nagar is Rs 2,860 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,742 per sq.ft to Rs 2,860 per sq.ft, reflecting an overall rise of 64% by 2024.

What is the registration office for Thirunavukkarasu Nagar?

The registration office for Thirunavukkarasu Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What are the stamp duty and registration fees for a property in Thirunavukkarasu Nagar?

For a property valued at Rs 28,60,000, the stamp duty would be Rs 2,00,200, and the registration fee would be Rs 57,200, totaling Rs 2,57,400.

How is the guideline value determined for properties in Kunrathour-B?

The guideline value for properties in Kunrathour-B is determined by the Registration Department's guideline value register, which is updated periodically based on various factors affecting property values.