Guideline Value for Thirumalai Nagar 5th Cross Street

Thirumalai Nagar 5th Cross Street guideline value

The current guideline value of Thirumalai Nagar 5th Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village under the Selaiyur SRO, classified as Residential Class I Type - III.

How the guideline value of Thirumalai Nagar 5th Cross Street has changed

The guideline value for Thirumalai Nagar 5th Cross Street has seen several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it dropped to Rs 1,675 per sq.ft in 2017, before rising to Rs 2,500 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 2,700 per sq.ft, marking an increase of 8% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 286%. The register does not have figures for the years 2002 and 2003 for this street.

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 value for these streets is Rs 2,200 per sq.ft, indicating that Thirumalai Nagar 5th Cross Street's 2024 figure is above the median.

• Thirumalai Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar 6th Cross Street: Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar 6th Street: Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar 4th cross Street: Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar 7th cross street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalai Nagar 5th 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, totaling 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 detailed calculations.

Which Sub Registrar Office covers Thirumalai Nagar 5th Cross Street?

The Sub Registrar Office that covers Thirumalai Nagar 5th 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 information.

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

The guideline value is a crucial factor in property transactions in Chembakkam, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties comply with legal requirements.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value serves as a reference point for assessing the financial obligations associated with property transactions.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar 5th Cross Street?

The current guideline value of Thirumalai Nagar 5th 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, representing an overall increase of 286% over the years.

What is the stamp duty rate for properties in Thirumalai Nagar 5th Cross Street?

The stamp duty rate for properties in Thirumalai Nagar 5th Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thirumalai Nagar 5th Cross Street?

The Sub Registrar Office for Thirumalai Nagar 5th Cross Street is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

What is the median guideline value of streets in Chembakkam?

The median guideline value of streets in Chembakkam is Rs 2,200 per sq.ft, indicating that Thirumalai Nagar 5th Cross Street's value is above this median.