Guideline Value for Thiruppur Kumarn Nagar 1st Street

Thiruppur Kumarn Nagar 1st Street guideline value

The current guideline value of Thiruppur Kumarn Nagar 1st Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village under the Thirukazhukundram SRO. The land classification for this area is Residential Class I Type - III.

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

The guideline value for Thiruppur Kumarn Nagar 1st Street has remained consistent at Rs 600 per sq.ft from the 2023 revision to the 2024 revision, reflecting a change of +0%. Prior to this, in the 2017 revision, the value was Rs 402 per sq.ft, marking a significant increase of +49% over the six-year period leading up to 2023.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by +49%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,344 per sq.ft. The median value for these streets is Rs 600 per sq.ft, which is the same as the guideline value for Thiruppur Kumarn Nagar 1st Street.

• Thiruppur Kumarn Nagar 1st Cross Street: Rs 400 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees together to Rs 54,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The Thiruppur Kumarn Nagar 1st Street falls under the jurisdiction of the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thirukalukundrem A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller engages in a property transaction, the guideline value is used to assess the financial obligations related to the registration process. This ensures that the fees are calculated based on a standardized value recognized by the registration authorities.

Frequently asked questions

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

The current guideline value of Thiruppur Kumarn Nagar 1st Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision to the 2024 revision, the guideline value increased by +49%. The value has remained the same at Rs 600 per sq.ft from 2023 to 2024.

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

The land classification for Thiruppur Kumarn Nagar 1st Street is Residential Class I Type - III.

Where can I find the registration office for this street?

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

How is stamp duty calculated for properties in Thiruppur Kumarn Nagar 1st Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 42,000.