Guideline Value for Thirupoor Kumaran Street, Dr. Ambedhkar Nagar

Thirupoor Kumaran Street, Dr. Ambedhkar Nagar guideline value

The current guideline value of Thirupoor Kumaran Street, Dr. Ambedhkar Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO with a land classification of Residential Class II Type - II.

How the guideline value of Thirupoor Kumaran Street, Dr. Ambedhkar Nagar has changed

The guideline value for Thirupoor Kumaran Street has undergone several revisions over the years. The 2017 revision set the guideline value at Rs 1,206 per sq.ft, which was then increased to Rs 1,800 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 1,980 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value rose by 49%, and the overall increase from 2017 to 2024 is 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with 2024 guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in Pammal is Rs 2,090 per sq.ft, which means that Thirupoor Kumaran Street's 2024 figure is below that median.

• Thirupur Kumaran Street / Mungil Lake: Rs 1,980 per sq.ft (2024)
• Thirupur Kumaran Street / Nagal Kenai: Rs 1,980 per sq.ft (2024)
• Thiruneermalai Salai / Nagalkeni: Rs 3,300 per sq.ft (2024)
• Thiruneermalai Salai/LIC Colony Part: Rs 2,530 per sq.ft (2024)
• Thiruneermalai Main Road, Thiru Nagar: Rs 3,300 per sq.ft (2024)
• Thiruneermalai Main Road, Nagelkeni: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thirupoor Kumaran Street, Dr. Ambedhkar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty calculated at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Thirupoor Kumaran Street, Dr. Ambedhkar Nagar?

The Sub Registrar Office that covers Thirupoor Kumaran Street, Dr. Ambedhkar 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 Pammal

The guideline value is a crucial factor when registering property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Thirupoor Kumaran Street?

The current guideline value of Thirupoor Kumaran Street, Dr. Ambedhkar Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, which is an overall increase of 64% over this period.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft. Thirupoor Kumaran Street's 2024 guideline value is below this median.

What are the stamp duty and registration fees for properties in Thirupoor Kumaran Street?

For a property valued at Rs 19,80,000, the stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200 for these fees.

Which office handles property registrations for Thirupoor Kumaran Street?

The Pammal Sub Registrar Office is responsible for handling property registrations for Thirupoor Kumaran Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.