Guideline Value for Thirumurugan Street

Thirumurugan Street guideline value

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

How the guideline value of Thirumurugan Street has changed

The guideline value for Thirumurugan Street has seen several revisions over the years. In 2003, the value was Rs 486 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2007, marking a change of +65%. By 2012, the value remained unchanged at Rs 3,000 per sq.ft. The 2023 revision also kept the value at Rs 3,000 per sq.ft, before it rose to Rs 3,300 per sq.ft in 2024, reflecting a +10% increase.

Overall, from 2003 to 2024, the guideline value has increased by +579%. It is important to note that there are no figures available for the years 2017 and 2002 in the register for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for the village is Rs 3,300 per sq.ft, which aligns with the current value of Thirumurugan Street.

• Thirumurugan Nagar 2nd Cross St.: Rs 3,300 per sq.ft (2024)
• Thirumurugan Nagar: 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 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, bringing the total to 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 Street?

The Sub Registrar Office that covers Thirumurugan Street is 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 when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When you proceed with a property transaction, the guideline value will be used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Thirumurugan Street?

The current guideline value of Thirumurugan Street 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 from Rs 486 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, marking an overall increase of +579% over the years.

What is the median guideline value in Zaminpallavaram?

The median guideline value in Zaminpallavaram is Rs 3,300 per sq.ft, which is the same as the current guideline value for Thirumurugan Street.

What are the stamp duty and registration fees for property transactions?

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.

Where is the Sub Registrar Office for Thirumurugan Street located?

The Sub Registrar Office covering Thirumurugan Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.