Guideline Value for Thiruppur Kumaran Street (Radha Nagar Main Road Southside)

Thiruppur Kumaran Street (Radha Nagar Main Road Southside) guideline value

The current guideline value of Thiruppur Kumaran Street (Radha Nagar Main Road Southside) is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village and falls under the Pallavaram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Thiruppur Kumaran Street (Radha Nagar Main Road Southside) has changed

Over the years, the guideline value of Thiruppur Kumaran Street has seen several revisions. In 2003, the value was Rs 507 per sq.ft, which increased to Rs 800 per sq.ft in 2007, marking a significant rise of 58%. The value remained unchanged at Rs 2,500 per sq.ft in both the 2012 and 2023 revisions. The latest revision in 2024 saw an increase to Rs 2,750 per sq.ft, reflecting a 10% change from the previous year.

There are no figures available for the revisions in 2002 and 2017 for this street. Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by 442%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, indicating that Thiruppur Kumaran Street's 2024 figure is below this median.

• Thiruppur Kumaran Street (Near Somasundaram Street): Rs 2,750 per sq.ft (2024)
• Thirutani Nagar 1 To 3 Main Road: Rs 3,300 per sq.ft (2024)
• Thirutani Nagar, Kauvery Street: Rs 3,300 per sq.ft (2024)
• Thirutani Nagar, Vaigai Street: Rs 3,300 per sq.ft (2024)
• Thirutani Nagar, Yamuna Street: Rs 3,300 per sq.ft (2024)
• Thiruthani Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruppur Kumaran Street (Radha Nagar Main Road Southside)

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, while the registration fee at 2% would be Rs 55,000, bringing the total cost for these fees to Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Thiruppur Kumaran Street (Radha Nagar Main Road Southside)?

The Thiruppur Kumaran Street (Radha Nagar Main Road Southside) falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Thiruppur Kumaran Street?

The current guideline value of Thiruppur Kumaran Street (Radha Nagar Main Road Southside) 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 increased from Rs 507 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, representing a total increase of 442%. There were no changes in 2012 and 2023, while the value jumped significantly from Rs 800 per sq.ft in 2007 to Rs 2,500 per sq.ft in 2012.

What is the land classification for Thiruppur Kumaran Street?

Thiruppur Kumaran Street is classified as Residential Class II Type - I. This classification indicates the type of development and usage permitted in the area.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Thiruppur Kumaran Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 27,50,000 would incur a stamp duty of Rs 1,92,500 at a rate of 7%.