Guideline Value for Thiruppur Kumaran Street

Thiruppur Kumaran Street guideline value

The current guideline value of Thiruppur Kumaran Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Puzhal 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. Starting with the 2007 revision, the value was Rs 300 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, followed by a decrease to Rs 536 per sq.ft in 2017. The 2023 revision saw a rise to Rs 1,000 per sq.ft, and the most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft.

From 2007 to 2012, the value increased by 167%, but then it decreased by 33% from 2012 to 2017. However, from 2017 to 2023, there was a substantial increase of 87%. The overall change from 2007 to 2024 is a notable increase of 267%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Puzhal

Puzhal village has a total of 270 streets under the Redhills SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 1,102 per sq.ft, placing Thiruppur Kumaran Street's 2024 value slightly below this median.

• Thirupur Kumaran 2nd Street: Rs 1,100 per sq.ft (2024)
• Thirupur Kumaran First Street: Rs 1,100 per sq.ft (2024)
• Thiruneelaganda Nagar IInd Part: Rs 1,650 per sq.ft (2024)
• Thiruneelaganda Nagar 3rd Part: Rs 1,650 per sq.ft (2024)
• Thiruneelaganda Nagar 1st Part: Rs 1,650 per sq.ft (2024)
• Thiruneelaganda Nagar: Rs 1,650 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 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, 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 Puzhal

The guideline value plays a crucial role during the registration of property transactions in Puzhal. It is used to determine the stamp duty and registration fees that need to be paid at the time of buying or selling property.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Thiruppur Kumaran Street?

The current guideline value of Thiruppur Kumaran Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

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.

What are the stamp duty and registration fees for property in Thiruppur Kumaran Street?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the transaction is recorded accurately and reflects the current value of the property.