Guideline Value for Thirukkural 3rd Street Ext

Thirukkural 3rd Street Ext guideline value

The current guideline value of Thirukkural 3rd Street Ext is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - II.

How the guideline value of Thirukkural 3rd Street Ext has changed

Looking back at the revisions, the guideline value for Thirukkural 3rd Street Ext was Rs 2,500 per sq.ft in 2023, up from Rs 1,675 per sq.ft in 2017. The 2012 revision also recorded a value of Rs 2,500 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%, while it increased by 49% from 2017 to 2023. The latest revision from 2023 to 2024 shows an increase of 10%, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, and the guideline value for Thirukkural 3rd Street Ext is above this median.

• Thirukkural 3rd Street: Rs 2,750 per sq.ft (2024)
• Thirukkural Ist Street: Rs 2,750 per sq.ft (2024)
• Thirukkural 2nd Street: Rs 2,750 per sq.ft (2024)
• Thirumagal Nagar: Rs 2,750 per sq.ft (2024)
• Thirumagal Nagar 2nd Cross Street: Rs 2,750 per sq.ft (2024)
• Thirumagal Nagar 2nd Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Thirukkural 3rd Street Ext

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. 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 precise calculations.

Which Sub Registrar Office covers Thirukkural 3rd Street Ext?

The Thirukkural 3rd Street Ext falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of properties in Chitlapakkam. It is used to calculate the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is considered to ensure that the correct fees are applied based on the official valuation of the property, which helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Thirukkural 3rd Street Ext?

The current guideline value of Thirukkural 3rd Street Ext is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 2,750 per sq.ft in 2024, up from Rs 2,500 per sq.ft in 2023 and Rs 1,675 per sq.ft in 2017.

What is the land classification for Thirukkural 3rd Street Ext?

Thirukkural 3rd Street Ext is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

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

The Sub Registrar Office covering Thirukkural 3rd Street Ext is the Tambaram Joint 1 SRO, located at No.26, Mes Road, East Tambaram, Chennai-600059.