Guideline Value for Thiruppur Kumaran Street

Thiruppur Kumaran Street guideline value

The current guideline value of Thiruppur Kumaran Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Grandlyon village under the Redhills SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Thiruppur Kumaran Street has changed

Over the years, the guideline value for Thiruppur Kumaran Street has seen several revisions. The 2007 revision recorded a value of Rs 500 per sq.ft, which increased to Rs 700 per sq.ft in 2012. However, this figure decreased to Rs 469 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 700 per sq.ft, and the most recent revision in 2024 set the guideline value at Rs 770 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between revisions show a significant increase from Rs 469 per sq.ft in 2017 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 54% from the 2007 figure. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Grandlyon

In Grandlyon village, there are 82 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,500 per sq.ft, with a median value of Rs 660 per sq.ft. Thiruppur Kumaran Street's 2024 guideline value of Rs 770 per sq.ft is above this median.

• Thiruneelakandar fourth Part: Rs 660 per sq.ft (2024)
• Thiruneelagandan Nagar: Rs 440 per sq.ft (2024)
• Thiruvalluvar Street: Rs 770 per sq.ft (2024)
• Thanikachalam Street: Rs 660 per sq.ft (2024)
• TamilNadu Dyes and Chemicals Merchants Association Nagar: Rs 660 per sq.ft (2024)
• Swasthik Nagar: Rs 440 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 guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total charges to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruppur Kumaran Street?

The Sub Registrar Office that covers Thiruppur Kumaran Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Grandlyon. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thiruppur Kumaran Street?

The current guideline value of Thiruppur Kumaran Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 770 per sq.ft in 2024, with various revisions in between, including a decrease in 2017.

What is the median guideline value for streets in Grandlyon?

The median guideline value for streets in Grandlyon is Rs 660 per sq.ft, with Thiruppur Kumaran Street's value being above this median.

What are the stamp duty and registration fees for a property on this street?

For a 1,000 sq.ft plot at the current guideline value, the total charges would be Rs 69,300, which includes stamp duty and registration fees.

Which office registers properties in Thiruppur Kumaran Street?

The Redhills Sub Registrar Office is responsible for registering properties in Thiruppur Kumaran Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.