Guideline Value for Thirunageswaram Colony Navidhar Street

Thirunageswaram Colony Navidhar Street guideline value

The current guideline value of Thirunageswaram Colony Navidhar Street is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Thirunageswaram village and falls under the Kunrathur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Thirunageswaram Colony Navidhar Street has changed

The guideline value for Thirunageswaram Colony Navidhar Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 800 per sq.ft, an increase of 14% from the 2023 revision of Rs 700 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 469 per sq.ft, marking a significant increase of 49% to the 2023 figure. The 2012 revision also had a value of Rs 700 per sq.ft, which was a decrease of 33% from the 2017 figure.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 14%.

Guideline values in Thirunageswaram

In Thirunageswaram, there are 105 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft, with a median value of Rs 1,550 per sq.ft. Thirunageswaram Colony Navidhar Street's 2024 figure is below this median.

• Thirunageswaram Colony II: Rs 800 per sq.ft (2024)
• Thirunageswaram Colony 1: Rs 800 per sq.ft (2024)
• Thirunages-Colony/ MGR Nagar & Lane: Rs 800 per sq.ft (2024)
• Thirunavukarasar Salai: Rs 1,550 per sq.ft (2024)
• Thiruvalluvar Nagar Anna Salai: Rs 1,550 per sq.ft (2024)
• Thiruvalluvar Nagar Avvaiyar Salai: Rs 1,550 per sq.ft (2024)

Stamp duty and registration fee for property in Thirunageswaram Colony Navidhar Street

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to 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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Thirunageswaram Colony Navidhar Street?

The Sub Registrar Office that covers Thirunageswaram Colony Navidhar Street 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 in the registration process when buying or selling property in Thirunageswaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When you register a property, the authorities will assess the transaction based on the guideline value or the sale price, whichever is higher. This ensures that the appropriate fees are collected based on the established value of the property.

Frequently asked questions

What is the current guideline value of Thirunageswaram Colony Navidhar Street?

The current guideline value of Thirunageswaram Colony Navidhar Street is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2023 to Rs 800 per sq.ft in 2024, a 14% increase. It was Rs 469 per sq.ft in 2017 and had previously been Rs 700 per sq.ft in 2012, showing various fluctuations over the years.

What is the land classification for Thirunageswaram Colony Navidhar Street?

The land classification for Thirunageswaram Colony Navidhar Street is Residential Class I Type - III.

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

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a property valued at Rs 8,00,000, the total fees would be Rs 72,000.

Which office handles registrations for Thirunageswaram Colony Navidhar Street?

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