Guideline Value for Thirunavukarasu Street

Thirunavukarasu Street guideline value

The current guideline value of Thirunavukarasu Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Menambedu village under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Thirunavukarasu Street has changed

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. This figure decreased to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. The value then saw a significant increase to Rs 1,200 per sq.ft in the 2023 revision, followed by a further rise to Rs 1,300 per sq.ft in the 2024 revision, which is an increase of 8% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Menambedu

Menambedu village has a total of 171 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median guideline value in this village is Rs 1,003 per sq.ft, placing Thirunavukarasu Street's 2024 figure above that median.

• Thirumalai Street: Rs 1,001 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,001 per sq.ft (2024)
• Theradi Street: Rs 1,000 per sq.ft (2024)
• Thavasi Street: Rs 1,001 per sq.ft (2024)
• Thiyagarajar Nagar: Rs 1,002 per sq.ft (2024)
• Thulasi Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thirunavukarasu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. Please 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 details.

Which Sub Registrar Office covers Thirunavukarasu Street?

The Sub Registrar Office that covers Thirunavukarasu Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Menambedu

The guideline value is a crucial factor in the registration process when buying or selling property in Menambedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable charges, ensuring that both the buyer and seller are aware of the financial obligations involved. This value is essential for ensuring compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Thirunavukarasu Street?

The current guideline value of Thirunavukarasu Street is Rs 1,300 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 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the land classification of Thirunavukarasu Street?

Thirunavukarasu Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Thirunavukarasu Street?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Menambedu?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 13,00,000 would incur a stamp duty of Rs 91,000 at a rate of 7%.