Guideline Value for Thirunavukarasu Street

Thirunavukarasu Street guideline value

The current guideline value of Thirunavukarasu Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thirunavukarasu Street has changed

The guideline value for Thirunavukarasu Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 945 per sq.ft. This increased significantly to Rs 6,000 per sq.ft in 2012, marking a remarkable rise of 535%. However, it saw a decrease to Rs 4,020 per sq.ft in 2017, which represented a decline of 33%. The value then rose again to Rs 6,000 per sq.ft in 2023, reflecting a substantial increase of 49% from the previous revision. The most recent revision in 2024 set the guideline value at Rs 6,600 per sq.ft, an increase of 10% from 2023.

There are no recorded figures for the years 2002 and 2003 for Thirunavukarasu Street in the register. Overall, from 2007 to 2024, the guideline value has increased by 598%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that have a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value is Rs 6,600 per sq.ft, which is equal to the current guideline value of Thirunavukarasu Street.

• Thiruvateeswaran Sannathi Street: Rs 6,600 per sq.ft (2024)
• Theetharappa Mudali Street: Rs 6,600 per sq.ft (2024)
• Thayar Saheb Street: Rs 11,000 per sq.ft (2024)
• Thayar Saheb Market Lane: Rs 7,700 per sq.ft (2024)
• Thayar Saheb 2nd Lane: Rs 7,700 per sq.ft (2024)
• Thayar Saheb 1st Lane: Rs 7,700 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 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, making the total fees together Rs 5,94,000. It is important to note that duty is charged on the higher of the guideline value and 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 Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a crucial component in the registration process when buying or selling property in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration. The registration office will assess the property based on the guideline value to calculate the applicable fees.

Frequently asked questions

What is the current guideline value of Thirunavukarasu Street?

The current guideline value of Thirunavukarasu Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 945 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 598% over the years.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 66,00,000, the stamp duty is Rs 4,62,000 and the registration fee is Rs 1,32,000, totaling Rs 5,94,000.

Which office handles the registration for Thirunavukarasu Street?

The Triplicane Sub Registrar Office handles the registration for Thirunavukarasu Street, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

What is the land classification for Thirunavukarasu Street?

Thirunavukarasu Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.