Guideline Value for Thirupur Kumaran 1st Street

Thirupur Kumaran 1st Street guideline value

The current guideline value of Thirupur Kumaran 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thirupur Kumaran 1st Street has changed

In the 2017 revision, the guideline value was Rs 1,675 per sq.ft. The most recent revision in 2024 has increased this to Rs 2,700 per sq.ft, marking a significant change of +61% over the seven-year period. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

To summarize the revisions, the guideline value for Thirupur Kumaran 1st Street was Rs 1,675 per sq.ft in 2017 and has risen to Rs 2,700 per sq.ft in 2024. This increase reflects the current valuation in comparison to previous assessments.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft, with the median value being Rs 2,700 per sq.ft. Thirupur Kumaran 1st Street's 2024 guideline value aligns with this median.

• Thirupur Kumaran Street: Rs 2,700 per sq.ft (2024)
• Thirupur Kumaran Street (Krishnamoorthy Nagar): Rs 2,700 per sq.ft (2024)
• Thiruvalluvar Nagar 10th Cross Street: Rs 2,700 per sq.ft (2024)
• Thiruvalluvar Nagar 10th Main Road: Rs 2,700 per sq.ft (2024)
• Thiruvalluvar Nagar 11th Cross Street: Rs 2,700 per sq.ft (2024)
• Thiruvalluvar Nagar 11th Main Road: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thirupur Kumaran 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, resulting in a total of Rs 2,43,000. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Thirupur Kumaran 1st Street?

The Thirupur Kumaran 1st Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property transaction occurs, the guideline value is assessed to ensure that the appropriate taxes are collected. This helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thirupur Kumaran 1st Street?

The current guideline value of Thirupur Kumaran 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since the last revision?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,700 per sq.ft in 2024, representing a change of +61%.

What is the land classification for Thirupur Kumaran 1st Street?

Thirupur Kumaran 1st Street is classified as Residential Class I Type - I.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in Thirupur Kumaran 1st Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.