Guideline Value for THUMBHULAVAR STREET

Thumbhulavar Street guideline value

The current guideline value of Thumbhulavar Street in Karunguzhi village is Rs 401 per sq.ft, effective from the 2024 revision. This street falls under the Madurandakam SRO and is classified as Mixed Type - I land.

How the guideline value of Thumbhulavar Street has changed

The guideline value for Thumbhulavar Street has seen several revisions over the years. In 2007, the value was set at Rs 80 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012, marking a 400% increase. However, the value dropped to Rs 268 per sq.ft in 2017, a decrease of 33%. By the 2023 revision, the value returned to Rs 400 per sq.ft, showing no change from the previous year. The most recent revision in 2024 has set the guideline value at Rs 401 per sq.ft, reflecting no percentage change from 2023.

It is important to note that the register has no figures for Thumbhulavar Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 401%.

Guideline values in Karunguzhi

In Karunguzhi village, there are 37 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 401 to Rs 1,000 per sq.ft. The median guideline value is Rs 401 per sq.ft, which is the same as that of Thumbhulavar Street.

• Vaiyali Vinayagar Koil Street: Rs 401 per sq.ft (2024)
• Valluvar Veedhi: Rs 401 per sq.ft (2024)
• Thattara Street: Rs 401 per sq.ft (2024)
• West Pillayar Koil Street: Rs 401 per sq.ft (2024)
• Z.N.Nagar: Rs 500 per sq.ft (2024)
• Shalom Nagar: Rs 602 per sq.ft (2024)

Stamp duty and registration fee for property in Thumbhulavar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 401 per sq.ft, the total guideline value would be Rs 4,01,000. The stamp duty at 7% would amount to Rs 28,070, and the registration fee at 2% would be Rs 8,020, making the total cost for stamp duty and registration fees Rs 36,090. 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 details.

Which Sub Registrar Office covers Thumbhulavar Street?

The Sub Registrar Office that covers Thumbhulavar Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. To find your SRO, click here.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Karunguzhi. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

Frequently asked questions

What is the current guideline value of Thumbhulavar Street?

The current guideline value of Thumbhulavar Street is Rs 401 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the most recent revision in 2024 showing a value of Rs 401 per sq.ft, which is an increase from Rs 400 per sq.ft in 2023. The value was Rs 268 per sq.ft in 2017, and Rs 400 per sq.ft in 2012.

What is the registration office for Thumbhulavar Street?

The registration office for Thumbhulavar Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated for properties in Thumbhulavar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 401 per sq.ft, the stamp duty would be Rs 28,070.

Are there other streets with the same guideline value in Karunguzhi?

Yes, there are several other streets in Karunguzhi with the same guideline value of Rs 401 per sq.ft for the year 2024, including Vaiyali Vinayagar Koil Street, Valluvar Veedhi, Thattara Street, and West Pillayar Koil Street.