Guideline Value for Thirumalai Kundru Street

Thirumalai Kundru Street guideline value

The current guideline value of Thirumalai Kundru Street is Rs 2,380 per sq.ft, effective from 1 July 2024. This street is located in Hastinapuram village under the Pallavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Thirumalai Kundru Street has changed

The guideline value for Thirumalai Kundru Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 400 per sq.ft. This increased significantly to Rs 2,200 per sq.ft in the 2012 revision, marking a rise of 450%. However, in the 2017 revision, the value decreased to Rs 1,474 per sq.ft, reflecting a decline of 33%. The 2023 revision recorded a value of Rs 2,200 per sq.ft, which then increased by 8% to the current value of Rs 2,380 per sq.ft in the 2024 revision. Notably, the register has no figures for the years 2002 and 2003 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 495%. The changes from the 2017 to 2023 revision resulted in a substantial increase of 49%, indicating fluctuations in the guideline value over the years.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median value for these streets is Rs 2,970 per sq.ft, placing Thirumalai Kundru Street's 2024 guideline value below this median.

• Thirukural Street: Rs 1,650 per sq.ft (2024)
• Thirumalai Nagar Extn.: Rs 2,970 per sq.ft (2024)
• Thiropathi Nagar: Rs 1,650 per sq.ft (2024)
• Thiruporur Road: Rs 2,970 per sq.ft (2024)
• Thiruvalluvar Street: Rs 2,380 per sq.ft (2024)
• Thiruvaluvar Nagar: Rs 2,380 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalai Kundru Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,380 per sq.ft, the total guideline value amounts to Rs 23,80,000. The stamp duty at 7% would be Rs 1,66,600, and the registration fee at 2% would be Rs 47,600, bringing the total fees to Rs 2,14,200. 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 precise calculations based on your property details.

Which Sub Registrar Office covers Thirumalai Kundru Street?

The Sub Registrar Office covering Thirumalai Kundru Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Thirumalai Kundru Street?

The current guideline value of Thirumalai Kundru Street is Rs 2,380 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 2,380 per sq.ft in 2024, marking an overall increase of 495% over the years.

Which Sub Registrar Office covers this street?

The Pallavaram Sub Registrar Office covers Thirumalai Kundru Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot at the current rate incurs a total fee of Rs 2,14,200.

How do I find the guideline value for other streets in Hastinapuram?

The guideline values for other streets in Hastinapuram can be accessed through the Registration Department's guideline value register or by visiting the Pallavaram SRO.