Guideline Value for Thirupur Kumaran Street

Thirupur Kumaran Street guideline value

The current guideline value of Thirupur Kumaran Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Nasarathpettai village, under the Poonamallee SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thirupur Kumaran Street has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure then decreased to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. Following this, the value increased significantly to Rs 1,200 per sq.ft in the 2023 revision, and then further rose to Rs 1,320 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Nasarathpettai

Nasarathpettai village has 19 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value is Rs 1,320 per sq.ft, which is equal to the guideline value of Thirupur Kumaran Street.

• Varadappa Mudaliar Street: Rs 1,320 per sq.ft (2024)
• V.O.C Street: Rs 1,320 per sq.ft (2024)
• Yamuna Nagar: Rs 1,320 per sq.ft (2024)
• Shri Vaaru Avenue: Rs 1,320 per sq.ft (2024)
• Sathiyamoorthy Street: Rs 1,320 per sq.ft (2024)
• Rajarathinam nagar: Rs 1,320 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 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, leading to a total of Rs 1,18,800. It is important to 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 more details.

Which Sub Registrar Office covers Thirupur Kumaran Street?

The Sub Registrar Office that covers Thirupur Kumaran Street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for further assistance.

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

The guideline value is a critical factor in determining the registration fees and stamp duty when buying or selling property in Nasarathpettai. It serves as a benchmark for the value of the property and is used by the registration department to calculate the applicable fees.

When a property is registered, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. 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 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024. Overall, from 2012 to 2024, the value has increased by 10%.

What is the land classification for Thirupur Kumaran Street?

Thirupur Kumaran Street is classified as Residential Class I Type - I under the Poonamallee SRO.

What is the registration office for Thirupur Kumaran Street?

The registration office for Thirupur Kumaran Street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at Rs 1,320 per sq.ft would incur a stamp duty of Rs 92,400.