Guideline Value

Corporate

Guideline Value for Thirunageswaram Colony II

₹800/sq.ft.

The guideline value for Thirunageswaram Colony Ii in Thirunageswaram village (Kunrathur SRO, Chennai zone) is Rs 800 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 14% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirunageswaram

Village

Kunrathur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹800 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thirunageswaram Colony Ii

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Thirunageswaram Colony II guideline value

The current guideline value for Thirunageswaram Colony II is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Thirunageswaram village and falls under the Kunrathur SRO, classified as Residential Class I Type - III.

How the guideline value of Thirunageswaram Colony II has changed

The guideline value for Thirunageswaram Colony II has seen several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in the 2017 revision. Following this, the value increased to Rs 700 per sq.ft in 2023 and further rose to Rs 800 per sq.ft in the 2024 revision.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2023 to 2024 was a rise of 14%. Overall, from 2012 to 2024, the guideline value increased by 14%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Thirunageswaram

In Thirunageswaram, there are 105 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value is Rs 1,550 per sq.ft, placing Thirunageswaram Colony II below this median.

Stamp duty and registration fee for property in Thirunageswaram Colony II

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thirunageswaram Colony II?

The Sub Registrar Office that covers Thirunageswaram Colony II 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 Thirunageswaram

The guideline value is a crucial factor during the registration of property transactions in Thirunageswaram. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the public registry.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value for Thirunageswaram Colony II?

The current guideline value for Thirunageswaram Colony II is Rs 800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2012, the guideline value has seen fluctuations, with the value increasing from Rs 700 in 2012 to Rs 800 in 2024, with a significant drop to Rs 469 in 2017 before rising again.

What are the stamp duty rates for properties in Thirunageswaram Colony II?

The stamp duty for properties in Thirunageswaram Colony II is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Thirunageswaram Colony II?

The Kunrathur Sub Registrar Office handles property registrations for Thirunageswaram Colony II, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and location. It is revised periodically to reflect changes in the real estate market.