Guideline Value for Thiruppur Kumaran street (G.S.T Road)

Thiruppur Kumaran street (G.S.T Road) guideline value

The current guideline value of Thiruppur Kumaran street (G.S.T Road) is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Thiruppur Kumaran street (G.S.T Road) has changed

The guideline value for Thiruppur Kumaran street has undergone several revisions over the years. The 2012 revision set the value at Rs 6,000 per sq.ft, which then decreased to Rs 4,020 per sq.ft in the 2017 revision. However, by 2023, the value increased to Rs 6,000 per sq.ft, and as of the 2024 revision, it has further risen to Rs 6,600 per sq.ft. The changes from 2012 to 2024 show an overall increase of 10%.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2012 to 2017 reflected a decrease of 33%. The latest revision from 2023 to 2024 indicates a 10% increase. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 8,250 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, placing Thiruppur Kumaran street's 2024 figure above this median.

• Thiruppur Kumaran street (Radha nagar): Rs 1,650 per sq.ft (2024)
• Thiruneermalai Road: Rs 2,200 per sq.ft (2024)
• Thiruvalluvarpuram: Rs 2,200 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,650 per sq.ft (2024)
• Thiruvengada Nagar: Rs 2,200 per sq.ft (2024)
• T.K. Chetty Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruppur Kumaran street (G.S.T Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty, calculated at 7%, would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000. Together, the total cost for stamp duty and registration fee would be Rs 5,94,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Thiruppur Kumaran street (G.S.T Road)?

The Sub Registrar Office that covers Thiruppur Kumaran street (G.S.T Road) is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Tambaram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any penalties. The registration office uses the guideline value to calculate the applicable fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Thiruppur Kumaran street (G.S.T Road)?

The current guideline value of Thiruppur Kumaran street (G.S.T Road) is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2012 to Rs 4,020 per sq.ft in 2017, then back to Rs 6,000 per sq.ft in 2023, and finally to Rs 6,600 per sq.ft in 2024.

What is the land classification for Thiruppur Kumaran street?

The land classification for Thiruppur Kumaran street (G.S.T Road) is Commercial Class I Type - II.

Where can I find the Tambaram Joint 1 SRO?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

How is the stamp duty calculated on properties in Tambaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.