Guideline Value for Thirupur Kumaran Street

Thirupur Kumaran Street guideline value

The current guideline value of Thirupur Kumaran Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in 5. Athipattu village under the Konnur SRO, classified as Residential Class II Type - II.

How the guideline value of Thirupur Kumaran Street has changed

The guideline value for Thirupur Kumaran Street has undergone several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The latest revision in 2024 has raised the guideline value to Rs 1,300 per sq.ft, marking an 8% increase from the previous year.

Between 2017 and 2023, there was a significant increase of 49%, and overall, from 2017 to 2024, the guideline value has risen by 62%. It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2012.

Guideline values in 5. Athipattu

In 5. Athipattu village, there are 119 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft, with a median value of Rs 2,200 per sq.ft. Thirupur Kumaran Street's 2024 guideline value is below this median.

• Thirupathi Kudai Salai: Rs 1,600 per sq.ft (2024)
• Thirupathi Elumalai Street: Rs 1,600 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,300 per sq.ft (2024)
• Thiruvalluvar Street: Rs 3,600 per sq.ft (2024)
• Thiruvalluvar Street (Chelliamman Nagar): Rs 2,200 per sq.ft (2024)
• The chennai newcity EXTN: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thirupur Kumaran Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total charges Rs 1,17,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Thirupur Kumaran Street?

The Sub Registrar Office covering Thirupur Kumaran Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value plays a crucial role during the registration of property transactions in 5. Athipattu. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable charges, which are based on the higher value between the guideline and the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thirupur Kumaran Street?

The current guideline value of Thirupur Kumaran Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 62%, rising from Rs 804 per sq.ft to Rs 1,300 per sq.ft in 2024.

What is the land classification for Thirupur Kumaran Street?

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

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 at a rate of 7%.