Guideline Value for Thirugnana Sambander Street

Thirugnana Sambander Street guideline value

The current guideline value of Thirugnana Sambander Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO, classified as Residential Class IV Type - II.

How the guideline value of Thirugnana Sambander Street has changed

The guideline value for Thirugnana Sambander Street has seen several revisions over the years. The earliest recorded value was Rs 620 per sq.ft in 2007, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a rise of 384%. However, the value decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, reflecting an increase of 64% from the 2017 figure.

It is important to note that there are no recorded figures for the years 2023, 2003, and 2002 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 432%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with the median being Rs 4,900 per sq.ft. Thirugnana Sambander Street's 2024 figure of Rs 3,300 per sq.ft is below this median.

• Thilagar Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Thilagar Street (Kattabomman Block): Rs 4,900 per sq.ft (2024)
• Thirumalai Street (Kodambakkam Salai): Rs 3,300 per sq.ft (2024)
• Thirumurugan Street Block 93: Rs 2,700 per sq.ft (2024)
• Thiru Nagar Kambar Street: Rs 4,900 per sq.ft (2024)
• Thiru Nagar Periyar Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thirugnana Sambander Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirugnana Sambander Street?

The Sub Registrar Office that covers Thirugnana Sambander Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay during the registration process.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process adheres to the legal requirements set by the authorities.

Frequently asked questions

What is the current guideline value of Thirugnana Sambander Street?

The current guideline value of Thirugnana Sambander Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 620 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 432% over the years.

What is the land classification of Thirugnana Sambander Street?

Thirugnana Sambander Street is classified as Residential Class IV Type - II.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Thirugnana Sambander Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the stamp duty for property in Thirugnana Sambander Street?

The stamp duty for a property valued at Rs 33,00,000 would be Rs 2,31,000, with an additional registration fee of Rs 66,000, totaling Rs 2,97,000.