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Guideline Value

Corporate

Guideline Value for Thambusamy Nagar 3rd Cross Street

₹1540/sq.ft.

The guideline value for Thambusamy Nagar 3rd Cross Street in Thiruverkadu village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruverkadu

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thambusamy Nagar 3rd Cross Street

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Thambusamy Nagar 3rd Cross Street guideline value

The current guideline value for Thambusamy Nagar 3rd Cross 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 Thambusamy Nagar 3rd Cross Street has changed

Over the years, the guideline value for Thambusamy Nagar 3rd Cross Street has undergone several revisions. The 2012 revision set the value at Rs 1,400 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 938 per sq.ft. The 2023 revision increased the value to Rs 1,400 per sq.ft, and the most recent 2024 revision has raised it to Rs 1,540 per sq.ft, marking a 10% increase from the previous year.

Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision shows a 10% increase, indicating a steady adjustment in the guideline value over the years.

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 the same as the guideline value for Thambusamy Nagar 3rd Cross Street. Below are the guideline values for other streets in Thiruverkadu:

Stamp duty and registration fee for property in Thambusamy Nagar 3rd Cross 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, bringing the total to 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 use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thambusamy Nagar 3rd Cross Street?

The Sub Registrar Office that covers Thambusamy Nagar 3rd Cross 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 is a crucial factor when registering property transactions in Thiruverkadu. It serves as the baseline value for calculating stamp duty and registration fees, ensuring that the property is assessed fairly based on the prevailing market conditions.

When buyers or sellers engage in property transactions, the guideline value helps determine the official value of the property for legal and taxation purposes. This ensures transparency and accountability in real estate dealings within the region.

Frequently asked questions

What is the current guideline value for Thambusamy Nagar 3rd Cross Street?

The current guideline value for Thambusamy Nagar 3rd Cross 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 changed from Rs 1,400 per sq.ft in 2023 to Rs 1,540 per sq.ft in 2024, marking a 10% increase. It was Rs 938 per sq.ft in 2017 and Rs 1,400 per sq.ft in 2012.

What is the land classification for Thambusamy Nagar 3rd Cross Street?

The land classification for Thambusamy Nagar 3rd Cross Street is Residential Class I Type - I.

Where can I find the registration office for this area?

The registration office for Thambusamy Nagar 3rd Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Thambusamy Nagar 3rd Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 15,40,000, the stamp duty at 7% would be Rs 1,07,800.