Guideline Value for Thirumular Street

Thirumular Street guideline value

The current guideline value of Thirumular Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village, under the AnnaNagar SRO, and is classified as Residential Class I Type - III.

How the guideline value of Thirumular Street has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. This figure decreased to Rs 2,010 per sq.ft in the 2017 revision, marking a decline of 33%. The value then saw a significant increase to Rs 3,000 per sq.ft in the 2023 revision, followed by another rise to Rs 3,300 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The revisions for the years 2002, 2003, and 2007 have no figures available for Thirumular Street.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft in 2024. The median guideline value for these streets is Rs 4,400 per sq.ft, indicating that Thirumular Street's 2024 figure is below this median.

• Thillaiyadi Valliyammai Nagar: Rs 4,400 per sq.ft (2024)
• Thiruvalluvar Street: Rs 3,300 per sq.ft (2024)
• Thiruveethi Amman Koil Street: Rs 4,400 per sq.ft (2024)
• Thiru-Vi-Ka Street: Rs 4,400 per sq.ft (2024)
• Thamarai Street Brindavan Nagar: Rs 4,400 per sq.ft (2024)
• Suriya Gandhi Street, Brindavan Nagar: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumular Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Thirumular Street?

The Sub Registrar Office that covers Thirumular Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration of property transactions in Koyakbedu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value influences the stamp duty and registration fees payable. Buyers must be aware that these fees are calculated based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Thirumular Street?

The current guideline value of Thirumular Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification of Thirumular Street?

Thirumular Street is classified as Residential Class I Type - III.

How does Thirumular Street's guideline value compare to other streets in Koyakbedu?

Thirumular Street's guideline value of Rs 3,300 per sq.ft is below the median guideline value of Rs 4,400 per sq.ft for other streets in Koyakbedu.

Where is the AnnaNagar Sub Registrar Office located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.