Guideline Value for THIRUVARUTPA STREET (WARD -8)

Thiruvarutpa Street (Ward -8) guideline value

The current guideline value of Thiruvarutpa Street (Ward -8) is Rs 1,321 per sq.ft. This street is located in Ninna Karai village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - V.

How the guideline value of Thiruvarutpa Street (Ward -8) has changed

The guideline value for Thiruvarutpa Street (Ward -8) has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 804 per sq.ft. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the latest 2024 revision has raised it to Rs 1,321 per sq.ft, marking a 10% increase from the previous year.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, while it decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village features a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in the village is Rs 1,100 per sq.ft, placing Thiruvarutpa Street's 2024 figure above this median.

• Thiruvasagar Street (Ward -8): Rs 1,321 per sq.ft (2024)
• Thiruvalluvar Street (Ward -4): Rs 2,200 per sq.ft (2024)
• Thiruvalluvar Street (Ward -18): Rs 660 per sq.ft (2024)
• Thiru. V.K. Street (Ward -8): Rs 1,321 per sq.ft (2024)
• Thiruvalluvar Salai (Ward -6): Rs 2,200 per sq.ft (2024)
• Thiyagarajar Street (Ward -7): Rs 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvarutpa Street (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,321 per sq.ft, the total guideline value would amount to Rs 13,21,000. The stamp duty at 7% would be Rs 92,470, and the registration fee at 2% would be Rs 26,420, totaling Rs 1,18,890. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvarutpa Street (Ward -8)?

The Sub Registrar Office that covers Thiruvarutpa Street (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Ninna Karai. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the costs associated with property transactions. 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 Thiruvarutpa Street (Ward -8)?

The current guideline value of Thiruvarutpa Street (Ward -8) is Rs 1,321 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 2023 to Rs 1,321 per sq.ft in 2024, representing a 10% increase. It decreased from Rs 1,200 in 2012 to Rs 804 in 2017, then increased to Rs 1,200 in 2023.

What is the land classification for Thiruvarutpa Street?

Thiruvarutpa Street is classified as Residential Special Type - V under the Chengleput Joint II SRO.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Thiruvarutpa Street (Ward -8) is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thiruvarutpa Street?

The Sub Registrar Office for Thiruvarutpa Street (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.