Guideline Value for Thambusami Nagar I st Street

Thambusami Nagar I st Street guideline value

The current guideline value of Thambusami Nagar I st Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village and falls under the Kunrathur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Thambusami Nagar I st Street has changed

The guideline value for Thambusami Nagar I st Street has undergone several revisions over the years. In 2007, the value was Rs 150 per sq.ft, which increased significantly to Rs 1,400 per sq.ft in 2012, marking an increase of 833%. However, from 2012 to 2017, the value decreased to Rs 938 per sq.ft, a decline of 33%. The value then rose to Rs 1,400 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 1,540 per sq.ft, reflecting a 10% increase.

Overall, the guideline value has increased by 927% from Rs 150 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024. The revisions for the years 2002 and 2003 do not have figures recorded for this street.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, which is equal to the guideline value of Thambusami Nagar I st Street.

• Thambusami Nagar II nd Street: Rs 1,540 per sq.ft (2024)
• Thambusamy Nagar 2nd Cross Street: Rs 1,540 per sq.ft (2024)
• Thambusamy Nagar 3rd Cross Street: Rs 1,540 per sq.ft (2024)
• Thambusamy Nagar 4th Cross Street: Rs 1,540 per sq.ft (2024)
• Thambusamy Nagar Ist Cross Street: Rs 1,540 per sq.ft (2024)
• Swamy Ramadhas Nagar: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Thambusami Nagar I st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, making the total cost for these fees Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thambusami Nagar I st Street?

The Sub Registrar Office that covers Thambusami Nagar I st Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruverkadu. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the current guideline value, as it directly impacts the overall cost of registration. Buyers and sellers should ensure they are informed about the latest revisions to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thambusami Nagar I st Street?

The current guideline value of Thambusami Nagar I st Street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 150 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024, reflecting a total increase of 927% over the years.

What is the land classification for Thambusami Nagar I st Street?

The land classification for Thambusami Nagar I st Street is Residential Class I Type - I.

Where can I find the Sub Registrar Office for Thambusami Nagar I st Street?

The Sub Registrar Office for Thambusami Nagar I st Street is located at No.59, Road Street, Kundrathur, Chennai -600 069.

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, a 1,000 sq.ft plot at the current rate would incur a total fee of Rs 1,38,600.