Guideline Value for Thiruppur Kumarn Nagar 1st Cross Street

Thiruppur Kumarn Nagar 1st Cross Street guideline value

The current guideline value for Thiruppur Kumarn Nagar 1st Cross Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village under the Thirukazhukundram SRO, classified as Residential Class IV Type - I.

How the guideline value of Thiruppur Kumarn Nagar 1st Cross Street has changed

The guideline value for Thiruppur Kumarn Nagar 1st Cross Street has undergone several revisions over the years. The register shows that there were no figures for this street in the revisions of 2002, 2003, 2007, and 2012. In the 2017 revision, the value was Rs 268 per sq.ft, which increased to Rs 400 per sq.ft in both the 2023 and 2024 revisions, reflecting a 49% increase from 2017 to 2023 and a 49% overall increase from 2017 to 2024.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 400 per sq.ft. This consistency indicates that the value has stabilized at this rate since the last revision.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that have a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft, with a median value of Rs 600 per sq.ft. Thiruppur Kumarn Nagar 1st Cross Street's 2024 figure is below this median.

• Thiruppur Kumarn Nagar 1st Street: Rs 600 per sq.ft (2024)
• Thiruppur Kumarn Nagar 2nd Cross Street: Rs 400 per sq.ft (2024)
• Thiruppur Kumarn Nagar 2nd Street: Rs 600 per sq.ft (2024)
• Thirupurasundari Street: Rs 300 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 600 per sq.ft (2024)
• Thiruvalluvar Nagar 1th Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruppur Kumarn Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty is charged at 7%, which totals Rs 28,000, and the registration fee is 2%, amounting to Rs 8,000. Together, the total cost for stamp duty and registration fee is Rs 36,000. Please note that duty is charged on the higher of the guideline value and the sale price.

You can calculate your costs using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruppur Kumarn Nagar 1st Cross Street?

The Thiruppur Kumarn Nagar 1st Cross Street is covered by the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is an essential factor when registering property transactions in Thirukalukundrem A. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay during the transaction process.

When a property is sold, the guideline value helps establish the minimum value for which the property can be registered, ensuring that the transaction is documented accurately with the appropriate fees calculated based on this value.

Frequently asked questions

What is the current guideline value for Thiruppur Kumarn Nagar 1st Cross Street?

The current guideline value for Thiruppur Kumarn Nagar 1st Cross Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since the 2023 revision. It increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What is the land classification for Thiruppur Kumarn Nagar 1st Cross Street?

Thiruppur Kumarn Nagar 1st Cross Street is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 4,00,000, the total stamp duty and registration fees would amount to Rs 36,000.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Thiruppur Kumarn Nagar 1st Cross Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.