Guideline Value for THIRUPPUR KUMARAN NAGAR

Thiruppur Kumaran Nagar guideline value

The current guideline value of Thiruppur Kumaran Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Kattavoor village under the Ponneri Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Thiruppur Kumaran Nagar has changed

The guideline value for Thiruppur Kumaran Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which was then reduced to Rs 67 per sq.ft in the 2017 revision. Following this, the guideline value increased back to Rs 100 per sq.ft in both the 2023 and 2024 revisions. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 100 per sq.ft. Overall, from the 2012 revision to the 2024 revision, there has been no change, maintaining the guideline value at Rs 100 per sq.ft.

Guideline values in Kattavoor

In Kattavoor village, five streets under the Ponneri SRO have a guideline value of Rs 100 per sq.ft for 2024, with the median also being Rs 100 per sq.ft. Thiruppur Kumaran Nagar's 2024 figure aligns with this median.

• Sundaram Avenue: Rs 100 per sq.ft (2024)
• Lucky Star City: Rs 100 per sq.ft (2024)
• Kumaran Kudiyirupu: Rs 100 per sq.ft (2024)
• Kumaran Kudiyiruppu: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruppur Kumaran Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruppur Kumaran Nagar?

The Thiruppur Kumaran Nagar area falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Kattavoor. It determines the minimum price at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling a property, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives its due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiruppur Kumaran Nagar?

The current guideline value of Thiruppur Kumaran Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023 and 2024. There are no figures for the years 2002, 2003, and 2007.

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

Other streets in Kattavoor under the Ponneri SRO also have a guideline value of Rs 100 per sq.ft for 2024, including Sundaram Avenue, Lucky Star City, Kumaran Kudiyirupu, and Kumaran Kudiyiruppu.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total fee of Rs 9,000.

Where can I find the Sub Registrar Office for Thiruppur Kumaran Nagar?

The Ponneri Sub Registrar Office, which covers Thiruppur Kumaran Nagar, is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information about your SRO online.