Guideline Value for Thirumalai Nagar 12th Street

Thirumalai Nagar 12th Street guideline value

The current guideline value for Thirumalai Nagar 12th 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 12th Street has changed

The guideline value for Thirumalai Nagar 12th Street has undergone several revisions over the years. The earliest available figure is from 2007, where the guideline value was Rs 700 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, followed by a decrease to Rs 1,675 per sq.ft in 2017. The value then rose sharply to Rs 2,500 per sq.ft in 2023, and finally to the current value of Rs 2,700 per sq.ft in 2024. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Between the revisions, the changes are as follows: from 2007 to 2012, there was a substantial increase of 257%. However, from 2012 to 2017, the value decreased by 33%. The guideline value then saw a significant rise of 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects an increase of 8%. Overall, the guideline value has increased by 286% from 2007 to 2024.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO that have a guideline value for 2024, ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value in this village is Rs 2,200 per sq.ft, which means that Thirumalai Nagar 12th Street's value of Rs 2,700 per sq.ft is above the median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total cost for these fees 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumalai Nagar 12th Street?

The Sub Registrar Office that covers Thirumalai Nagar 12th 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 information.

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

The guideline value plays a crucial role in the registration process of property transactions in Chembakkam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the fees are calculated based on a standardized value, which is essential for transparency in property transactions.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar 12th Street?

The current guideline value of Thirumalai Nagar 12th 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 seen several revisions, starting from Rs 700 per sq.ft in 2007, increasing to Rs 2,500 in 2012, decreasing to Rs 1,675 in 2017, then rising to Rs 2,500 in 2023, and finally reaching Rs 2,700 in 2024.

What is the land classification for Thirumalai Nagar 12th Street?

The land classification for Thirumalai Nagar 12th Street is Residential Class I Type - III.

What are the stamp duty and registration fees for a property in Thirumalai Nagar 12th Street?

For a 1,000 sq.ft plot at the guideline value of Rs 2,700 per sq.ft, the total guideline value is 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.

Which Sub Registrar Office covers the area of Thirumalai Nagar 12th Street?

The Sub Registrar Office that covers Thirumalai Nagar 12th Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.