Guideline Value for Thiruppur Kumaran Street

Thiruppur Kumaran Street guideline value

The current guideline value of Thiruppur Kumaran Street is Rs 2,001 per sq.ft, effective from 1 July 2024. This street is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Thiruppur Kumaran Street has changed

The guideline value for Thiruppur Kumaran Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,001 per sq.ft, which is a slight increase from Rs 2,000 per sq.ft in the 2023 revision. Prior to that, in 2017, the guideline value was Rs 1,340 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024. The register has no figures for this street for the years 2002, 2003, 2007, and 2012.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, placing Thiruppur Kumaran Street's 2024 figure above this median.

• Thiruvalluvar Nagar: Rs 1,200 per sq.ft (2024)
• Thiruvalluvar Nagar Ext.: Rs 1,200 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,200 per sq.ft (2024)
• Thirumalai Nagar Extn: Rs 1,200 per sq.ft (2024)
• Thiru-Vi-Ka Street: Rs 1,200 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruppur Kumaran Street

For a 1,000 sq.ft plot at the current rate of Rs 2,001 per sq.ft, the guideline value amounts to Rs 20,01,000. The stamp duty at 7% would be Rs 1,40,070, while the registration fee at 2% would be Rs 40,020, bringing the total to Rs 1,80,090. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruppur Kumaran Street?

The Thiruppur Kumaran Street is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Gooduvancheri. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are necessary for legal documentation.

It is essential for buyers and sellers to be aware of the current guideline values as they directly impact the overall costs involved in property transactions. Ensuring that the property is registered at the correct guideline value helps in avoiding legal complications in the future.

Frequently asked questions

What is the current guideline value of Thiruppur Kumaran Street?

The current guideline value of Thiruppur Kumaran Street is Rs 2,001 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 1,340 per sq.ft in 2017 to Rs 2,001 per sq.ft in 2024, marking an overall increase of 49% over this period.

What is the median guideline value for streets in Gooduvancheri?

The median guideline value for streets in Gooduvancheri is Rs 1,500 per sq.ft, with Thiruppur Kumaran Street's value being above this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 20,01,000, the stamp duty would be Rs 1,40,070 and the registration fee would be Rs 40,020, totaling Rs 1,80,090.

Which office handles property registrations for Thiruppur Kumaran Street?

The Gooduvancheri Sub Registrar Office is responsible for property registrations in Thiruppur Kumaran Street, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202.