Guideline Value for Thiruneermalai Road

Thiruneermalai Road guideline value

The current guideline value of Thiruneermalai Road in Kadaperi village is Rs 2,200 per sq.ft, effective from 1 July 2024. This falls under the Tambaram Joint 1 SRO, with the land classification being Residential Class I Type - I.

How the guideline value of Thiruneermalai Road has changed

Over the years, the guideline value of Thiruneermalai Road has seen several revisions. Starting from the 2007 revision, the value was Rs 600 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 233%. However, in the 2017 revision, the value dropped to Rs 1,340 per sq.ft, a decrease of 33%. The 2023 revision saw another increase to Rs 2,000 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 2,200 per sq.ft, reflecting a 10% increase.

From 2017 to 2023, the guideline value rose by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 267%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kadaperi

Kadaperi village has 142 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 7,700 per sq.ft. The median value is Rs 1,650 per sq.ft, placing Thiruneermalai Road's 2024 figure above this median.

• Thiruneermalai Street: Rs 2,200 per sq.ft (2024)
• Thiru Valluvar 2nd Street: Rs 3,300 per sq.ft (2024)
• Thiru Valluvar 3rd Street: Rs 3,300 per sq.ft (2024)
• Thiru Valluvar 4th Street: Rs 3,300 per sq.ft (2024)
• Thiru Valluvar 5th Street: Rs 3,300 per sq.ft (2024)
• Thiru Valluvar Ist Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruneermalai Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 details.

Which Sub Registrar Office covers Thiruneermalai Road?

The Sub Registrar Office that covers Thiruneermalai Road 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 Kadaperi

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

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded at a value that reflects the prevailing market conditions as per the official register. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Thiruneermalai Road?

The current guideline value of Thiruneermalai Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 267% over the years.

What are the other streets with guideline values in Kadaperi?

Other streets in Kadaperi include Thiruneermalai Street at Rs 2,200 per sq.ft and several Thiru Valluvar streets, each at Rs 3,300 per sq.ft as of 2024.

What fees are associated with buying property in Thiruneermalai Road?

When buying property, you will need to pay stamp duty at 7% and a registration fee at 2% of the guideline value, which is Rs 2,200 per sq.ft for Thiruneermalai Road.

Where can I find the Sub Registrar Office for Thiruneermalai Road?

The Sub Registrar Office covering Thiruneermalai Road is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.