Guideline Value for Thiruneermalai Road

Thiruneermalai Road guideline value

The current guideline value of Thiruneermalai Road in Pulikoradu village is Rs 2,750 per sq.ft, effective from 1 July 2024. This property falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Thiruneermalai Road has changed

The guideline value for Thiruneermalai Road has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it then decreased to Rs 1,675 per sq.ft in 2017 before rising to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 has set the value at Rs 2,750 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 450%. Notably, there are no figures available for this street in the revisions for the years 2002 and 2003.

Guideline values in Pulikoradu

In Pulikoradu, there are 62 streets under the Tambaram Joint 1 SRO with 2024 guideline values ranging from Rs 880 to Rs 6,600 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Thiruneermalai Road's 2024 value above this median.

• Thiruvalluvar Street: Rs 880 per sq.ft (2024)
• Vaigai Street: Rs 880 per sq.ft (2024)
• Valluvar Street: Rs 880 per sq.ft (2024)
• Sri Pasumpon Nagar: Rs 2,200 per sq.ft (2024)
• Sri Marudhi Avenue: Rs 1,100 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 2,200 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 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees to Rs 2,47,500. Please 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 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 Pulikoradu

The guideline value is a crucial factor during the registration of property transactions in Pulikoradu. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction reflects the official valuation set by the government. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Thiruneermalai Road?

The current guideline value of Thiruneermalai Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the median guideline value in Pulikoradu?

The median guideline value for the 62 streets in Pulikoradu is Rs 880 per sq.ft, with Thiruneermalai Road's value being above this median.

How is stamp duty calculated on Thiruneermalai Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot on Thiruneermalai Road, the stamp duty would be Rs 1,92,500 based on the current guideline value.

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

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