Guideline Value for Thirunavukarasar Salai

Thirunavukarasar Salai guideline value

The current guideline value of Thirunavukarasar Salai is Rs 1,550 per sq.ft, effective from 1 July 2024. This street is located in Thirunageswaram village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Thirunavukarasar Salai has changed

The guideline value for Thirunavukarasar Salai has seen several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which decreased to Rs 938 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,400 per sq.ft in the 2023 revision, and then further rose to Rs 1,550 per sq.ft in the 2024 revision. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Between the revisions, the changes are notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 reflects an increase of 11%. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Thirunageswaram

In Thirunageswaram, there are 105 streets under the Kunrathur SRO, with guideline values ranging from Rs 800 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 1,550 per sq.ft, which matches the current guideline value for Thirunavukarasar Salai.

• Thirunageswaram Colony Navidhar Street: Rs 800 per sq.ft (2024)
• 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)
• 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 Thirunavukarasar Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,550 per sq.ft, the total guideline value amounts to Rs 15,50,000. The stamp duty at 7% would be Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, bringing the total fees to Rs 1,39,500. 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 Thirunavukarasar Salai?

The Sub Registrar Office that covers Thirunavukarasar Salai 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 critical 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, which are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the current guideline value as it directly influences the financial obligations involved in the registration process. Understanding these values can help ensure compliance with local regulations and avoid any unexpected costs during the transaction.

Frequently asked questions

What is the current guideline value of Thirunavukarasar Salai?

The current guideline value of Thirunavukarasar Salai is Rs 1,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,550 per sq.ft in 2024.

What is the land classification for Thirunavukarasar Salai?

Thirunavukarasar Salai is classified as Residential Special Type - II.

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

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would be Rs 1,39,500.

Which office handles property registrations for Thirunavukarasar Salai?

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