Guideline Value for Thirukural Street

Thirukural Street guideline value

The current guideline value of Thirukural Street in Sekkadu village is Rs 1,075 per sq.ft, effective from 1 July 2024. This street falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - II.

How the guideline value of Thirukural Street has changed

The guideline value for Thirukural Street has undergone several revisions over the years. The oldest recorded revision is from 2012, where the guideline value was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017. The next revision in 2023 saw an increase to Rs 1,000 per sq.ft, and the most recent revision in 2024 has set the value at Rs 1,075 per sq.ft, marking an 8% increase from the previous year.

In summary, from 2012 to 2017, the guideline value decreased by 33%, then increased by 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 8%. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

Guideline values in Sekkadu

In Sekkadu, there are 56 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 930 to Rs 4,800 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, indicating that Thirukural Street's 2024 figure is below this median.

• Thiru Kumaran Nagar Extension: Rs 2,680 per sq.ft (2024)
• Thiru Kumaran Nagar: Rs 2,680 per sq.ft (2024)
• Theru Veethi Amman Koil Street: Rs 1,320 per sq.ft (2024)
• Thanigai Nagar: Rs 1,075 per sq.ft (2024)
• Udayar Street: Rs 930 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 1,075 per sq.ft (2024)

Stamp duty and registration fee for property in Thirukural Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,075 per sq.ft, the total guideline value would be Rs 10,75,000. The stamp duty at 7% would be Rs 75,250, and the registration fee at 2% would be Rs 21,500, bringing the total fees to Rs 96,750. 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 fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirukural Street?

The Thirukural Street falls under the jurisdiction of the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Sekkadu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in accordance with the prevailing regulations.

Frequently asked questions

What is the current guideline value of Thirukural Street?

The current guideline value of Thirukural Street is Rs 1,075 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally reaching Rs 1,075 per sq.ft in 2024.

What are the guideline values of other streets in Sekkadu?

Other streets in Sekkadu have varying guideline values, with rates ranging from Rs 930 to Rs 4,800 per sq.ft. Notably, Thiru Kumaran Nagar and Thiru Kumaran Nagar Extension both have a value of Rs 2,680 per sq.ft in 2024.

What fees are associated with property transactions on Thirukural Street?

For a property on Thirukural Street, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 96,750.

Where can I find the Sub Registrar Office for Thirukural Street?

The Sub Registrar Office covering Thirukural Street is the Avadi SRO, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.