Guideline Value for Thiruppur Kumarn Nagar 2nd Cross Street

Thiruppur Kumarn Nagar 2nd Cross Street guideline value

The current guideline value of Thiruppur Kumarn Nagar 2nd 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. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Thiruppur Kumarn Nagar 2nd Cross Street has changed

The guideline value for Thiruppur Kumarn Nagar 2nd Cross Street has remained consistent at Rs 400 per sq.ft for both the 2023 and 2024 revisions. Prior to this, the 2017 revision recorded a guideline value of Rs 268 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 49%.

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, indicating that the guideline value for Thiruppur Kumarn Nagar 2nd Cross Street is below this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. Please 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 information.

Which Sub Registrar Office covers Thiruppur Kumarn Nagar 2nd Cross Street?

The Thiruppur Kumarn Nagar 2nd Cross Street is covered by the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Thirukalukundrem A. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory when buying or selling property.

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are levied based on the value of the property. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Thiruppur Kumarn Nagar 2nd Cross Street?

The current guideline value of Thiruppur Kumarn Nagar 2nd 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 for both the 2023 and 2024 revisions. It increased from Rs 268 per sq.ft in 2017, marking a 49% increase over this period.

What is the land classification for Thiruppur Kumarn Nagar 2nd Cross Street?

The land classification for Thiruppur Kumarn Nagar 2nd Cross Street is Residential Class IV Type - I.

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

The Sub Registrar Office covering Thiruppur Kumarn Nagar 2nd Cross Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000, leading to a stamp duty of Rs 28,000.