Guideline Value for Thirumudivakkam Road

Thirumudivakkam Road guideline value

The current guideline value of Thirumudivakkam Road is Rs 1,540 per sq.ft, effective from 1 July 2024. This road is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Thirumudivakkam Road has changed

The guideline value for Thirumudivakkam Road has undergone several revisions over the years. The earliest recorded figure is from 2017, where the value was Rs 938 per sq.ft. This value increased significantly to Rs 1,400 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median value is Rs 1,540 per sq.ft, which is equal to the guideline value of Thirumudivakkam Road.

• Thirumurugan Nagar Annexe: Rs 1,540 per sq.ft (2024)
• Thirunavukkarasu Nagar: Rs 2,860 per sq.ft (2024)
• Thiruneermalai Main Road, Othavadai Street: Rs 1,540 per sq.ft (2024)
• Thiruneermalai Road: Rs 1,540 per sq.ft (2024)
• Thanthai Periyar Street: Rs 1,540 per sq.ft (2024)
• Thanthai Periyar 1, II, III Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumudivakkam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, making the total cost for these fees Rs 1,38,600. It is important to note that 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 Thirumudivakkam Road?

The Sub Registrar Office that covers Thirumudivakkam Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a critical factor in the registration process when buying or selling property in Kunrathour-B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Thirumudivakkam Road?

The current guideline value of Thirumudivakkam Road is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 938 per sq.ft to Rs 1,540 per sq.ft in 2024, a total increase of 64% over the years.

What is the registration office for Thirumudivakkam Road?

The registration office for Thirumudivakkam Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Thirumudivakkam Road is charged at 7% of the guideline value or the sale price, whichever is higher.

How can I calculate the registration fees?

You can calculate the registration fees using our stamp duty and registration fee calculator for accurate estimations based on the guideline value.