Guideline Value for Thiripura Sundari Avenue

Thiripura Sundari Avenue guideline value

The current guideline value of Thiripura Sundari Avenue is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Madanandapuram village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Thiripura Sundari Avenue has changed

Over the years, the guideline value for Thiripura Sundari Avenue has seen several revisions. The 2012 revision set the value at Rs 3,200 per sq.ft, which was a decrease of 33% from Rs 2,144 per sq.ft in the 2017 revision. The value then increased to Rs 3,200 per sq.ft again in 2023, before rising to Rs 3,520 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Madanandapuram

In Madanandapuram, there are 94 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 2,530 to Rs 5,830 per sq.ft. The median guideline value for these streets is Rs 3,520 per sq.ft, which is equal to the guideline value of Thiripura Sundari Avenue.

• Thirumoorthy Nagar: Rs 3,190 per sq.ft (2024)
• Thiruvenkatam Nagar: Rs 3,520 per sq.ft (2024)
• Subbaiha Nagar: Rs 3,190 per sq.ft (2024)
• St. Thomas School Street: Rs 3,190 per sq.ft (2024)
• Sri Venkateswara Nagar / Annuxe: Rs 3,190 per sq.ft (2024)
• Sri Rajarajeswari Nagar: Rs 3,190 per sq.ft (2024)

Stamp duty and registration fee for property in Thiripura Sundari Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, making the total cost for these fees Rs 3,16,800. 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 Thiripura Sundari Avenue?

The Sub Registrar Office that covers Thiripura Sundari Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madanandapuram. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during property transactions.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair price, reflecting the current market conditions. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Thiripura Sundari Avenue?

The current guideline value of Thiripura Sundari Avenue is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2023 to Rs 3,520 per sq.ft in 2024, which is a 10% increase. From 2017 to 2023, it increased by 49%, and from 2012 to 2017, it decreased by 33%.

What is the land classification of Thiripura Sundari Avenue?

Thiripura Sundari Avenue is classified as Residential Special Type - II, indicating its designated purpose for residential development.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. It is responsible for property registrations in the area.

How is stamp duty calculated for properties in Thiripura Sundari Avenue?

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 the current guideline value, the stamp duty would amount to Rs 2,46,400.