Guideline Value for THIRUPUR KUMARAN STREET

Thirupur Kumaran Street guideline value

The current guideline value of Thirupur Kumaran Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Arasankalani village and falls under the Selaiyur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Thirupur Kumaran Street has changed

The guideline value for Thirupur Kumaran Street has undergone several revisions over the years. The earliest figure available is from 2012, where the guideline value was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017, which was a decline of 33%. The value then increased to Rs 1,200 per sq.ft in 2023, and subsequently rose to Rs 1,300 per sq.ft in 2024, marking an 8% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Arasankalani

In Arasankalani, there are 85 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 4,750 per sq.ft, with a median value of Rs 2,100 per sq.ft. Thirupur Kumaran Street's 2024 guideline value is below this median.

• Thillaiyadi Valliammai Street: Rs 1,300 per sq.ft (2024)
• Thazhambur Main Road: Rs 2,100 per sq.ft (2024)
• Vaibhavs Thullia: Rs 2,190 per sq.ft (2024)
• Sundar Nagar: Rs 1,900 per sq.ft (2024)
• Vasanthapuram: Rs 2,100 per sq.ft (2024)
• Vasanthapuram Extension: Rs 2,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thirupur Kumaran Street

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Thirupur Kumaran Street?

The Sub Registrar Office that covers Thirupur Kumaran Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration of property transactions in Arasankalani. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When buying or selling a property, the guideline value helps ensure that the transaction is recorded accurately, reflecting the current market conditions as per the official register. It is essential for buyers and sellers to be aware of these values to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Thirupur Kumaran Street?

The current guideline value of Thirupur Kumaran Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the land classification for Thirupur Kumaran Street?

The land classification for Thirupur Kumaran Street is Residential Class III Type - I.

Where is the Sub Registrar Office for Thirupur Kumaran Street located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in Thirupur Kumaran Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 13,00,000 would incur a stamp duty of Rs 91,000.