Guideline Value for THIRUPPUR KUMARAN STREET

Thiruppur Kumaran Street guideline value

The current guideline value of Thiruppur Kumaran Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class II Type - II.

How the guideline value of Thiruppur Kumaran Street has changed

The guideline value for Thiruppur Kumaran Street has seen several revisions over the years. In 2002, the value was Rs 420 per sq.ft, which increased to Rs 461 per sq.ft in 2003, marking a 10% rise. The value then rose to Rs 500 per sq.ft in 2007, a significant increase of 8%. Following this, the value surged to Rs 3,500 per sq.ft in 2012, reflecting a remarkable 600% increase. However, it decreased to Rs 2,345 per sq.ft in 2017, a drop of 33%. The value then increased to Rs 3,500 per sq.ft in 2023, before reaching the current figure of Rs 3,800 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 805%. There are no revisions for years other than those listed above for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values for 2024 ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, placing Thiruppur Kumaran Street above this median at Rs 3,800 per sq.ft.

• Thiru Murthy Street: Rs 3,200 per sq.ft (2024)
• Thiruvalluvarpuram (A) Sri Valluvarpuram: Rs 3,800 per sq.ft (2024)
• Thiruvalluvar Road: Rs 2,700 per sq.ft (2024)
• Thilagar Street: Rs 2,700 per sq.ft (2024)
• Thiruvengadam 1st Street: Rs 2,700 per sq.ft (2024)
• Thiruvengadam 2nd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruppur Kumaran Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees together to Rs 3,42,000. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Thiruppur Kumaran Street?

The Sub Registrar Office that covers Thiruppur Kumaran Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

When buying or selling property in Perambur, the guideline value is used to determine the stamp duty and registration fees payable at the time of registration. The fees are calculated based on the guideline value or the sale price, whichever is higher.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the financial aspects of property transactions in the area. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Thiruppur Kumaran Street?

The current guideline value of Thiruppur Kumaran Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 420 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, representing an overall increase of 805%.

What is the land classification for Thiruppur Kumaran Street?

Thiruppur Kumaran Street is classified as Residential Class II Type - II under the Purasaivakkam SRO.

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

The Sub Registrar Office covering Thiruppur Kumaran Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 38,00,000, the total fees would amount to Rs 3,42,000.