Guideline Value for Thiruppur Kumarn Nagar 2nd Street

Thiruppur Kumarn Nagar 2nd Street guideline value

The current guideline value for Thiruppur Kumarn Nagar 2nd Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village and falls under the Thirukazhukundram SRO. The land classification for this area is Residential Class I Type - III.

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

The guideline value for Thiruppur Kumarn Nagar 2nd Street has remained consistent at Rs 600 per sq.ft from the 2023 revision to the 2024 revision, showing no change. Prior to this, the guideline value was Rs 600 per sq.ft in the 2023 revision as well, indicating stability in the recent years.

Looking further back, the guideline value was Rs 402 per sq.ft in the 2017 revision. From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 49% as well. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, 149 streets have a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft, with the median value being Rs 600 per sq.ft. Thiruppur Kumarn Nagar 2nd Street's 2024 figure aligns with this median.

• Thiruppur Kumarn Nagar 2nd Cross Street: Rs 400 per sq.ft (2024)
• Thiruppur Kumarn Nagar 1st Street: Rs 600 per sq.ft (2024)
• Thirupurasundari Street: Rs 300 per sq.ft (2024)
• Thiruppur Kumarn Nagar 1st Cross Street: Rs 400 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 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, making the total charges Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Thiruppur Kumarn Nagar 2nd Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more details.

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 when buying or selling property in Thirukalukundrem A. It serves as a benchmark for determining the value of the property for taxation purposes, ensuring that the transaction is recorded accurately in the official register.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all parties are aware of the financial obligations associated with the property transaction.

Frequently asked questions

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

The current guideline value of Thiruppur Kumarn Nagar 2nd Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2023 to 2024. It was Rs 402 per sq.ft in 2017, showing a 49% increase to the current value.

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

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

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

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000.

Which office handles the registration for Thiruppur Kumarn Nagar 2nd Street?

The Thirukazhukundram Sub Registrar Office is responsible for handling registrations for Thiruppur Kumarn Nagar 2nd Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.