Guideline Value for Thirupur Kumaran Street (Krishnamoorthy Nagar)

Thirupur Kumaran Street (Krishnamoorthy Nagar) guideline value

The current guideline value of Thirupur Kumaran Street (Krishnamoorthy Nagar) 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 Street (Krishnamoorthy Nagar) has changed

The guideline value for Thirupur Kumaran Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then decreased to Rs 1,675 per sq.ft in the 2017 revision. However, the latest revision in 2024 has increased the guideline value to Rs 2,700 per sq.ft, reflecting a significant increase of 61% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a slight increase of 8%. Notably, there are no figures available for the years 2002, 2003, 2007, and 2023 in the register for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which is the same as the current value for Thirupur Kumaran Street.

• Thirupur Kumaran Street: Rs 2,700 per sq.ft (2024)
• Thirupur Kumaran 1st Street: 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 Street (Krishnamoorthy Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to 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 accurate calculations.

Which Sub Registrar Office covers Thirupur Kumaran Street (Krishnamoorthy Nagar)?

The Thirupur Kumaran Street (Krishnamoorthy Nagar) falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Kodungaiyur. It is used to determine the stamp duty and registration fees that must be paid during the transaction process. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for ensuring compliance with local regulations and for accurately estimating the total costs involved in property transactions. It is advisable to consult the guideline value register for the most current figures before proceeding with any property dealings.

Frequently asked questions

What is the current guideline value of Thirupur Kumaran Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and it has increased to Rs 2,700 per sq.ft in 2024.

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

For a 1,000 sq.ft plot valued at Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office covers this street?

The Madhavaram Sub Registrar Office covers Thirupur Kumaran Street (Krishnamoorthy Nagar), located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

Are there any years without guideline value figures for this street?

Yes, there are no figures available for the years 2002, 2003, 2007, and 2023 in the register for Thirupur Kumaran Street.