Guideline Value for Thendral Nagar Kuppan Street

Thendral Nagar Kuppan Street guideline value

The current guideline value of Thendral Nagar Kuppan Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class III Type - I.

How the guideline value of Thendral Nagar Kuppan Street has changed

The guideline value for Thendral Nagar Kuppan Street has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 650%. However, it then dropped to Rs 1,005 per sq.ft in 2017, a decrease of 33%. The subsequent revision in 2023 raised the value to Rs 1,500 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 1,600 per sq.ft, an increase of 7%.

Notably, the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 700%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft, with a median of Rs 2,400 per sq.ft. Thendral Nagar Kuppan Street's 2024 figure is below this median.

• Thendral Nagar Kambar Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar Mooventhar Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar Pallavan Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar East 9th Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar prathana salai: Rs 1,600 per sq.ft (2024)
• Thendral Nagar East 8th Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Thendral Nagar Kuppan Street

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thendral Nagar Kuppan Street?

The Sub Registrar Office that covers Thendral Nagar Kuppan Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established rates.

When a property transaction occurs, the guideline value is utilized to assess the appropriate fees, which are essential for the legal transfer of property ownership. Buyers and sellers must be aware of these values to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Thendral Nagar Kuppan Street?

The current guideline value of Thendral Nagar Kuppan Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, marking a significant overall increase of 700%.

What is the registration office for Thendral Nagar Kuppan Street?

The registration office for Thendral Nagar Kuppan Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Thendral Nagar Kuppan Street is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

How can I calculate the stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator available online for accurate estimates.