Guideline Value for Thirumalai Nagar 10th Street

Thirumalai Nagar 10th Street guideline value

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

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

The guideline value for Thirumalai Nagar 10th Street has undergone several revisions over the years. The earliest recorded value is from 2007, which was Rs 700 per sq.ft. This value increased significantly to Rs 2,500 per sq.ft in 2012, marking a 257% increase. However, it then saw a decrease to Rs 1,675 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 2,500 per sq.ft in 2023, and most recently, it has reached Rs 2,700 per sq.ft in 2024, reflecting an 8% increase from the previous year.

There are no recorded guideline values for Thirumalai Nagar 10th Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 286%.

Guideline values in Chembakkam

In Chembakkam, there are a total of 472 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, which means that Thirumalai Nagar 10th Street's current value is above this median.

• Thirumalai Nagar 10th Cross 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 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 details.

Which Sub Registrar Office covers Thirumalai Nagar 10th Street?

The Thirumalai Nagar 10th Street is covered by 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 information.

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

The guideline value is an essential factor in the registration process of property transactions in Chembakkam. It serves as a benchmark for determining the minimum price at which property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is crucial for both buyers and sellers to be aware of these values to ensure compliance with legal requirements during the registration process.

Frequently asked questions

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

The current guideline value of Thirumalai Nagar 10th 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, reflecting an overall increase of 286% over the years.

What is the median guideline value in Chembakkam?

The median guideline value in Chembakkam is Rs 2,200 per sq.ft, which indicates that Thirumalai Nagar 10th Street's value is above this median.

What are the stamp duty and registration fees for property in Thirumalai Nagar 10th Street?

The stamp duty is charged at 7% and the registration fee at 2%. For a property valued at Rs 27,00,000, the total fees would amount to Rs 2,43,000.

Which office handles property registrations for Thirumalai Nagar 10th Street?

The Selaiyur Sub Registrar Office handles property registrations for Thirumalai Nagar 10th Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.