Guideline Value for Thirumurugan Nagar 2nd Cross St.

Thirumurugan Nagar 2nd Cross St. guideline value

The current guideline value of Thirumurugan Nagar 2nd Cross St. is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Thirumurugan Nagar 2nd Cross St. has changed

The guideline value of Thirumurugan Nagar 2nd Cross St. has seen significant changes over the years. In 2003, the guideline value was Rs 133 per sq.ft, which increased to Rs 600 per sq.ft in 2007, marking a change of 351%. The value remained the same at Rs 3,000 per sq.ft in both 2012 and 2023, indicating no change during that period. The most recent revision in 2024 raised the guideline value to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by 2381%. Notably, there are no figures available for the years 2002 and 2017 in the register for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which is the same as the guideline value for Thirumurugan Nagar 2nd Cross St.

• Thirumurugan Nagar: Rs 3,300 per sq.ft (2024)
• Thirumurugan Street: Rs 3,300 per sq.ft (2024)
• Thiruneermalai Road: Rs 3,850 per sq.ft (2024)
• Thirupathi Nagar: Rs 3,300 per sq.ft (2024)
• Thiruppur Kumaran Street (Near Somasundaram Street): Rs 2,750 per sq.ft (2024)
• Thiruppur Kumaran Street (Radha Nagar Main Road Southside): Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumurugan Nagar 2nd Cross St.

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

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumurugan Nagar 2nd Cross St.?

The Thirumurugan Nagar 2nd Cross St. falls under the Pallavaram Sub Registrar Office located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Zaminpallavaram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is compliant with local regulations.

It is essential for buyers and sellers to be aware of the guideline value, as it can influence the overall costs associated with property transactions. Accurate knowledge of the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Thirumurugan Nagar 2nd Cross St.?

The current guideline value of Thirumurugan Nagar 2nd Cross St. is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 133 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 2381%.

What are the stamp duty and registration fees for property in Thirumurugan Nagar 2nd Cross St.?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers this area?

The Pallavaram Sub Registrar Office covers Thirumurugan Nagar 2nd Cross St., located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

Are there any years with no guideline value for this street?

Yes, the register has no figures for the years 2002 and 2017 for Thirumurugan Nagar 2nd Cross St.