Guideline Value for Thiruppur Kumaran Street

Thiruppur Kumaran Street guideline value

The current guideline value of Thiruppur Kumaran Street is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Padiyanallur village, under the Redhills SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thiruppur Kumaran Street has changed

The guideline value for Thiruppur Kumaran Street has undergone several revisions over the years. The earliest recorded figure is from 2003, where the value was Rs 101 per sq.ft. This increased dramatically to Rs 300 per sq.ft in 2007, marking a 197% rise. In 2012, the value remained at Rs 600 per sq.ft, and then decreased to Rs 402 per sq.ft in 2017, which was a 33% drop. The value then saw a significant increase to Rs 600 per sq.ft in 2023, followed by the current value of Rs 660 per sq.ft in 2024, reflecting a 10% increase.

It is important to note that there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 553%.

Guideline values in Padiyanallur

Padiyanallur has a total of 132 streets under the Redhills SRO, with 2024 guideline values ranging from Rs 385 to Rs 2,750 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Thiruppur Kumaran Street's 2024 figure below that median.

• Thiruvallur Nedunchalai (Upto Bridge): Rs 770 per sq.ft (2024)
• Thiruvalluvar Street: Rs 770 per sq.ft (2024)
• Thilagar Street: Rs 770 per sq.ft (2024)
• Thiyagaraya Street: Rs 770 per sq.ft (2024)
• Thangaiah Garden: Rs 660 per sq.ft (2024)
• Teacher Street: Rs 770 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 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, resulting in a total of Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

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 Padiyanallur

The guideline value plays a crucial role in the registration process when buying or selling property in Padiyanallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When registering a property, buyers and sellers must consider the guideline value to calculate the applicable stamp duty and registration fees. This ensures compliance with local regulations and helps in the smooth transfer of property ownership.

Frequently asked questions

What is the current guideline value of Thiruppur Kumaran Street?

The current guideline value of Thiruppur Kumaran Street is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 101 per sq.ft in 2003 to Rs 660 per sq.ft in 2024, with several revisions in between, including a notable increase of 553% overall since 2003.

What is the registration office for Thiruppur Kumaran Street?

The registration office for Thiruppur Kumaran Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Padiyanallur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 at a rate of 7%.

What are the guideline values of other streets in Padiyanallur?

Other streets in Padiyanallur have varying guideline values, with rates ranging from Rs 385 to Rs 2,750 per sq.ft. Notably, Thiruvallur Nedunchalai, Thiruvalluvar Street, Thilagar Street, Thiyagaraya Street, and Teacher Street are all valued at Rs 770 per sq.ft in 2024.