Guideline Value for Thirupur Kumaran Street / Nagal Kenai

Thirupur Kumaran Street / Nagal Kenai guideline value

The current guideline value of Thirupur Kumaran Street / Nagal Kenai is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO, classified as Residential Class II Type - II.

How the guideline value of Thirupur Kumaran Street / Nagal Kenai has changed

Since the 2002 revision, the guideline value has seen significant increases. In 2002, the guideline value was Rs 188 per sq.ft, which rose to Rs 213 per sq.ft in 2003, marking a 13% increase. The value continued to climb to Rs 570 per sq.ft in 2007, a substantial 168% rise from the previous revision. The 2017 revision recorded a guideline value of Rs 1,206 per sq.ft, reflecting a 112% increase since 2007. However, there is no figure available for this street in the 2012 revision.

From 2017 to 2023, the guideline value increased to Rs 1,800 per sq.ft, a 49% rise. The most recent revision in 2024 has set the value at Rs 1,980 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by an impressive 953%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft. The guideline value of Thirupur Kumaran Street / Nagal Kenai is below this median.

• Thirupur Kumaran Street / Mungil Lake: Rs 1,980 per sq.ft (2024)
• Thiruvalluar Street / Ponni Nagar: Rs 1,980 per sq.ft (2024)
• Thirupoor Kumaran Street, Dr. Ambedhkar Nagar: Rs 1,980 per sq.ft (2024)
• Thiruvalluvar 2nd Street, Ponni Nagar: Rs 1,980 per sq.ft (2024)
• Thiruneermalai Salai / Nagalkeni: Rs 3,300 per sq.ft (2024)
• Thiruneermalai Salai/LIC Colony Part: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Thirupur Kumaran Street / Nagal Kenai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirupur Kumaran Street / Nagal Kenai?

The Thirupur Kumaran Street / Nagal Kenai area is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when buying or selling property in Pammal, as it determines the minimum value at which a property can be registered. This value is used to calculate stamp duty and registration fees, which are mandatory costs incurred during the property transaction process.

When a property is sold, the sale price must be compared with the guideline value. The higher of the two will be used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thirupur Kumaran Street / Nagal Kenai?

The current guideline value of Thirupur Kumaran Street / Nagal Kenai is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 188 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 953% over the years.

What is the land classification for Thirupur Kumaran Street / Nagal Kenai?

Thirupur Kumaran Street / Nagal Kenai is classified as Residential Class II Type - II.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is stamp duty calculated for properties in Pammal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 19,80,000 would incur a stamp duty of Rs 1,38,600 at the current rate of 7%.