Guideline Value for Thirukkural Street

Thirukkural Street guideline value

The current guideline value for Thirukkural Street in Nemilicherry village is Rs 2,160 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Thirukkural Street has changed

The guideline value for Thirukkural Street has seen several revisions over the years. In the 2007 revision, the value was Rs 250 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in the 2012 revision. However, this figure dropped to Rs 1,340 per sq.ft in the 2017 revision, before rising again to Rs 2,000 per sq.ft in the 2023 revision. The latest revision in 2024 has set the value at Rs 2,160 per sq.ft, marking an 8% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 764%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Nemilicherry

In Nemilicherry, there are 172 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft, with a median value of Rs 2,160 per sq.ft. Thirukkural Street's current guideline value is equal to this median.

• Teacher Colony: Rs 2,200 per sq.ft (2024)
• Thiruvalluvar Street: Rs 2,160 per sq.ft (2024)
• Tholkappiyam Street: Rs 2,160 per sq.ft (2024)
• Subbulakshmi Street: Rs 2,200 per sq.ft (2024)
• Subash Nagar, Visweswaran Street: Rs 2,200 per sq.ft (2024)
• Subash Nagar Main Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thirukkural Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value would be Rs 21,60,000. The stamp duty at 7% would amount to Rs 1,51,200, while the registration fee at 2% would be Rs 43,200. Together, these fees would total Rs 1,94,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirukkural Street?

The Thirukkural Street is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor when registering property transactions in Nemilicherry. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

Frequently asked questions

What is the current guideline value for Thirukkural Street?

The current guideline value for Thirukkural Street is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 2,160 per sq.ft in 2024, reflecting an overall increase of 764% over the years.

What are the stamp duty and registration fees for a property on Thirukkural Street?

For a property valued at Rs 21,60,000, the stamp duty would be Rs 1,51,200 and the registration fee would be Rs 43,200, totaling Rs 1,94,400.

Which office handles registrations for Thirukkural Street?

The Pallavaram Sub Registrar Office handles registrations for Thirukkural Street, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.

What is the land classification for Thirukkural Street?

Thirukkural Street is classified as Residential Class II Type - I, indicating its suitability for residential development.