Guideline Value for Thirumalai nagar 13th Street Extension

Thirumalai nagar 13th Street Extension guideline value

The current guideline value for Thirumalai nagar 13th Street Extension is Rs 2,900 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 Commercial Class I Type - III.

How the guideline value of Thirumalai nagar 13th Street Extension has changed

In the 2017 revision, the guideline value was Rs 1,800 per sq.ft. This increased significantly to Rs 2,690 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 set the value at Rs 2,900 per sq.ft, reflecting an 8% increase from the previous year.

The overall increase from the 2017 revision to the 2024 revision is 61%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 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, and the median value being Rs 2,200 per sq.ft. The guideline value for Thirumalai nagar 13th Street Extension is above this median.

• Thirumalai Nagar 13th Street: Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar 13th Cross Street: Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar 14th Cross Street: Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar 12th Street: Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar 14th Street: Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar 11th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalai nagar 13th Street Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value amounts to Rs 29,00,000. The stamp duty at 7% would be Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, making the total charges Rs 2,61,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thirumalai nagar 13th Street Extension?

The Sub Registrar Office covering Thirumalai nagar 13th Street Extension 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. It is used to determine the stamp duty and registration fees that must be paid during the registration of property transactions. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal and financial obligations.

When a property is sold, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This helps in maintaining transparency and fairness in property dealings, ensuring that all parties are aware of the financial implications involved.

Frequently asked questions

What is the current guideline value for Thirumalai nagar 13th Street Extension?

The current guideline value for Thirumalai nagar 13th Street Extension is Rs 2,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by 61%, from Rs 1,800 per sq.ft to Rs 2,900 per sq.ft in 2024.

What is the registration fee for a property in Thirumalai nagar 13th Street Extension?

The registration fee is 2% of the guideline value. For a property valued at Rs 29,00,000, the registration fee would be Rs 58,000.

Where can I find the Selaiyur Sub Registrar Office?

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

What is the land classification for Thirumalai nagar 13th Street Extension?

The land classification for Thirumalai nagar 13th Street Extension is Commercial Class I Type - III.