Guideline Value for Thirumalai Nagar 4th cross Street

Thirumalai Nagar 4th cross Street guideline value

The current guideline value of Thirumalai Nagar 4th 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 4th cross Street has changed

The guideline value for Thirumalai Nagar 4th cross Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the 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 guideline value then rose to Rs 2,500 per sq.ft in 2023, and most recently, it has been revised to Rs 2,700 per sq.ft in 2024. The register has no figure for the years 2002 and 2003.

In terms of percentage changes, the value increased by 257% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then rose by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects an increase of 8%. 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 in this area is Rs 2,200 per sq.ft, placing Thirumalai Nagar 4th cross Street above that median.

• Thirumalai Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar 3rd Main Road Ext.: Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar 3rd Main Road: Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar 5th Cross Street: Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar 3rd Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalai Nagar 4th 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 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 the stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Thirumalai Nagar 4th cross Street?

The Sub Registrar Office that covers Thirumalai Nagar 4th 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, 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 a crucial factor during the registration process of property transactions in Chembakkam. It determines the minimum value at which a property can be registered and is used by the authorities to calculate the stamp duty and registration fees applicable to the sale.

When buying or selling property, it is essential to be aware of the current guideline value, as it can affect the overall costs involved in the transaction. The guideline value serves as a benchmark for property transactions, ensuring that all parties are aware of the minimum value recognized by the government.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar 4th cross Street?

The current guideline value of Thirumalai Nagar 4th 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, reflecting an overall increase of 286% over the years.

What is the land classification for Thirumalai Nagar 4th cross Street?

The land classification for Thirumalai Nagar 4th 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.

Where is the Sub Registrar Office for Thirumalai Nagar 4th cross Street located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.