Guideline Value for Thirumalai Nagar 13th Cross Street

Thirumalai Nagar 13th Cross Street guideline value

The current guideline value of Thirumalai Nagar 13th 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 13th Cross Street has changed

The guideline value for Thirumalai Nagar 13th Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,675 per sq.ft. However, the value increased to Rs 2,500 per sq.ft in the 2012 revision, followed by a significant rise to Rs 2,500 per sq.ft in 2023, marking a 49% increase from the 2017 figure.

As of the 2024 revision, the guideline value stands at Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year’s value of Rs 2,500 per sq.ft. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO, with guideline values 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, making the 2024 figure for Thirumalai Nagar 13th Cross Street above the median.

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

Stamp duty and registration fee for property in Thirumalai Nagar 13th 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 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, bringing the total to Rs 2,43,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thirumalai Nagar 13th Cross Street?

The Sub Registrar Office that covers Thirumalai Nagar 13th 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 when registering property transactions in Chembakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. Buyers and sellers should be aware of the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar 13th Cross Street?

The current guideline value of Thirumalai Nagar 13th 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 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, an increase of 8%. From 2017 to 2023, it increased by 49%, while from 2012 to 2017, it decreased by 33%.

What is the land classification for Thirumalai Nagar 13th Cross Street?

The land classification for Thirumalai Nagar 13th Cross Street is Residential Class I Type - III.

What are the stamp duty and registration fees for a property 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. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thirumalai Nagar 13th Cross Street?

The Sub Registrar Office for Thirumalai Nagar 13th Cross Street is located at Selaiyur Sub Registrar Office, No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.