Guideline Value for Thirumalai Nagar 10th Cross Street

Thirumalai Nagar 10th Cross Street guideline value

The current guideline value of Thirumalai Nagar 10th Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Thirumalai Nagar 10th Cross Street has changed

The guideline value for Thirumalai Nagar 10th Cross Street has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 700 per sq.ft. This value increased significantly to Rs 2,500 per sq.ft in 2012, marking a 257% rise. However, the value dropped to Rs 1,675 per sq.ft in 2017, a decrease of 33%. The next revision in 2023 set the value at Rs 2,500 per sq.ft, followed by the current figure of Rs 2,700 per sq.ft in 2024, which is an increase of 8% from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 286%.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Thirumalai Nagar 10th Cross Street above this median.

• Thirumalai Nagar 10th Street: Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar 11th Street: Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar 12th Street: Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar 13th Cross Street: Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar 13th Street: Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar 13th Street Extension: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalai Nagar 10th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thirumalai Nagar 10th Cross Street?

The Sub Registrar Office that covers Thirumalai Nagar 10th Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the property registration process in Chembakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the government receives the appropriate revenue from property transactions.

When you register a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This practice helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar 10th Cross Street?

The current guideline value of Thirumalai Nagar 10th Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 286% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

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

The Selaiyur Sub Registrar Office covers Thirumalai Nagar 10th Cross Street, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.

What is the land classification for Thirumalai Nagar 10th Cross Street?

The land classification for Thirumalai Nagar 10th Cross Street is Residential Class I Type - III.