Guideline Value for Thiruperumal Nagar

Thiruperumal Nagar guideline value

The current guideline value of Thiruperumal Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Kolapakkam village under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Thiruperumal Nagar has changed

The guideline value for Thiruperumal Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, an increase from Rs 2,500 per sq.ft in 2023. This marks a 10% rise from the previous year. Looking further back, the value was Rs 1,675 per sq.ft in 2017, which reflects a significant increase of 49% over the six years leading up to 2023. Overall, from 2017 to 2024, the guideline value has increased by 64%.

The register has no figures for the revisions in 2002, 2003, 2007, and 2012 for this street. This lack of data means that the changes are only documented from 2017 onwards.

Guideline values in Kolapakkam

In Kolapakkam, there are 111 streets under the Pammal SRO that carry a guideline value for 2024, ranging from Rs 1,650 to Rs 6,850 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Thiruperumal Nagar's 2024 figure above this median.

• Thiruvalluvar Street: Rs 1,650 per sq.ft (2024)
• Thirowpathi Amman Nagar: Rs 3,290 per sq.ft (2024)
• Thattakulam (ward 1): Rs 1,650 per sq.ft (2024)
• Vanniar Street: Rs 1,980 per sq.ft (2024)
• Suji Chamber: Rs 2,200 per sq.ft (2024)
• Staling Avenue: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruperumal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty, charged at 7%, would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruperumal Nagar?

The Sub Registrar Office that covers Thiruperumal Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Kolapakkam, the guideline value plays a crucial role in determining the transaction costs. It is used to calculate the stamp duty and registration fees, which are mandatory for property registration. The guideline value ensures that the property is assessed fairly for taxation purposes.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Thiruperumal Nagar?

The current guideline value of Thiruperumal Nagar 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 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty rates for properties in Thiruperumal Nagar?

The stamp duty for properties in Thiruperumal Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

What is the median guideline value for streets in Kolapakkam?

The median guideline value for streets in Kolapakkam is Rs 2,200 per sq.ft for the year 2024.