Guideline Value for Thirumurugan Street Block 93

Thirumurugan Street Block 93 guideline value

The current guideline value of Thirumurugan Street Block 93 is Rs 2,700 per sq.ft. This street is located in Kodambakkam village, under the Ashok Nagar SRO. The land classification for this area is Residential Class IV Type - III.

How the guideline value of Thirumurugan Street Block 93 has changed

The guideline value for Thirumurugan Street Block 93 has undergone several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 800 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a 213% rise. However, from 2012 to 2017, the guideline value decreased to Rs 1,675 per sq.ft, a drop of 33%. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, reflecting a 61% increase from the 2017 figure.

There are no recorded figures for the years 2023, 2003, and 2002 for this street. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 238%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that have a 2024 guideline value, ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing Thirumurugan Street Block 93's 2024 figure below this median.

• Thiru Nagar Kambar Street: Rs 4,900 per sq.ft (2024)
• Thiru Nagar Periyar Street: Rs 4,900 per sq.ft (2024)
• Thirunavukkarasar Cross Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Thirunavukkarasu Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Thirumalai Street (Kodambakkam Salai): Rs 3,300 per sq.ft (2024)
• Thiruvalluvar 2nd Street (NP): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumurugan Street Block 93

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, charged at 7%, would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total cost for these fees Rs 2,43,000. 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 detailed calculations.

Which Sub Registrar Office covers Thirumurugan Street Block 93?

The Sub Registrar Office covering Thirumurugan Street Block 93 is the Ashok Nagar 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 Kodambakkam

The guideline value is an essential factor in the registration process of property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thirumurugan Street Block 93?

The current guideline value of Thirumurugan Street Block 93 is Rs 2,700 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 800 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, an overall increase of 238% over the years.

What is the land classification for Thirumurugan Street Block 93?

The land classification for Thirumurugan Street Block 93 is Residential Class IV Type - III.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Thirumurugan Street Block 93 is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 27,00,000, the total fees would be Rs 2,43,000.