Guideline Value for Thirunavukkasu Street

Thirunavukkasu Street guideline value

The current guideline value of Thirunavukkasu Street is Rs 1,650 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Thirunavukkasu Street has changed

The guideline value for Thirunavukkasu Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 1,005 per sq.ft. Following this, the value increased significantly to Rs 1,500 per sq.ft in the 2023 revision and further rose to Rs 1,650 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a 10% increase. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values for 2024 ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which is equal to the current value of Thirunavukkasu Street.

• Thirumurugan Street: Rs 3,850 per sq.ft (2024)
• Thirumurugan Salai: Rs 3,850 per sq.ft (2024)
• ThirumuruganNagar ramanar street: Rs 2,750 per sq.ft (2024)
• Thirumangai Mannan Street: Rs 2,750 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,650 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thirunavukkasu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value is Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total costs together to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirunavukkasu Street?

The Sub Registrar Office that covers Thirunavukkasu Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Chitlapakkam. It is used to determine the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This ensures transparency in transactions, as the guideline value is publicly available and regularly updated by the Registration Department.

Frequently asked questions

What is the current guideline value of Thirunavukkasu Street?

The current guideline value of Thirunavukkasu Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, with several revisions in between, including a drop to Rs 1,005 per sq.ft in 2017.

What is the land classification for Thirunavukkasu Street?

Thirunavukkasu Street is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where is the Tambaram Joint 1 SRO located?

The Tambaram Joint 1 SRO is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Thirunavukkasu Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 16,50,000 would incur a stamp duty of Rs 1,15,500 at 7%.