Guideline Value for Thirupathi Kudai Salai

Thirupathi Kudai Salai guideline value

The current guideline value for Thirupathi Kudai Salai is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in 5. Athipattu village under the Konnur SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Thirupathi Kudai Salai has changed

The guideline value for Thirupathi Kudai Salai has seen several revisions over the years. The earliest recorded figure in the register is from 2017, where it stood at Rs 1,005 per sq.ft. This figure increased significantly to Rs 1,500 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 has further increased the guideline value to Rs 1,600 per sq.ft, reflecting a 7% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 59%.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Thirupathi Kudai Salai is below this median.

• Thirupathi Elumalai Street: Rs 1,600 per sq.ft (2024)
• Thirupur Kumaran Street: Rs 1,300 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,300 per sq.ft (2024)
• Thiruvalluvar Street: Rs 3,600 per sq.ft (2024)
• Thiruvalluvar Street (Chelliamman Nagar): Rs 2,200 per sq.ft (2024)
• The chennai newcity EXTN: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thirupathi Kudai Salai

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000. Together, these fees would total Rs 1,44,000. It is important to note that the 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 Thirupathi Kudai Salai?

The Sub Registrar Office that covers Thirupathi Kudai Salai is the Konnur Sub Registrar Office. The address is Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a critical factor during property registration in 5. Athipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value helps ensure that the transaction is transparent and that all parties are aware of the official valuation of the property. This value is used to calculate the necessary fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Thirupathi Kudai Salai?

The current guideline value of Thirupathi Kudai Salai is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 59% over this period.

What is the median guideline value in 5. Athipattu?

The median guideline value in 5. Athipattu is Rs 2,200 per sq.ft, while Thirupathi Kudai Salai's value is below this median.

What are the registration fees for properties in Thirupathi Kudai Salai?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which office handles property registrations for Thirupathi Kudai Salai?

The Konnur Sub Registrar Office handles property registrations for Thirupathi Kudai Salai, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.