Guideline Value for Thirukumaran St

Thirukumaran St guideline value

The current guideline value of Thirukumaran St in Ekkaduthangal village is Rs 3,080 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of Thirukumaran St has changed

The guideline value of Thirukumaran St has seen several revisions over the years. The 2012 revision set the value at Rs 2,800 per sq.ft, which was then reduced to Rs 1,876 per sq.ft in 2017. Following this, the 2023 revision increased it to Rs 2,800 per sq.ft, and the latest 2024 revision has raised it to Rs 3,080 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. However, the 2012 to 2017 period saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft, with a median value of Rs 4,620 per sq.ft. Thirukumaran St's 2024 guideline value is below this median.

• Thirumal 7th Street (Gandhi Nagar): Rs 3,520 per sq.ft (2024)
• Thirugnanasambandam Street: Rs 3,520 per sq.ft (2024)
• Thirumal Street: Rs 3,520 per sq.ft (2024)
• Thirumoolar Street: Rs 3,520 per sq.ft (2024)
• Thanigaimalai St: Rs 3,080 per sq.ft (2024)
• Thandavarayan Street: Rs 3,080 per sq.ft (2024)

Stamp duty and registration fee for property in Thirukumaran St

For a 1,000 sq.ft plot at the current guideline value of Rs 3,080 per sq.ft, the total guideline value would be Rs 30,80,000. The stamp duty at 7% would amount to Rs 2,15,600, and the registration fee at 2% would be Rs 61,600, bringing the total fees to Rs 2,77,200. 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 Thirukumaran St?

The Sub Registrar Office that covers Thirukumaran St is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is an essential factor during property registration in Ekkaduthangal. It determines the minimum price at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that transactions are conducted at a fair price. Buyers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thirukumaran St?

The current guideline value of Thirukumaran St is Rs 3,080 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,800 per sq.ft in 2012 to Rs 1,876 per sq.ft in 2017, and then to Rs 2,800 per sq.ft in 2023. The latest revision in 2024 set it at Rs 3,080 per sq.ft.

What is the land classification for Thirukumaran St?

Thirukumaran St is classified as Residential Class IV Type - I under the Chennai South Joint I SRO.

Where can I find the registration office for Thirukumaran St?

The registration office for Thirukumaran St is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties on Thirukumaran St?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 30,80,000, the stamp duty at 7% would amount to Rs 2,15,600.