Guideline Value for Thirupur kumaran street

Thirupur kumaran street guideline value

The current guideline value of Thirupur kumaran street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Udaiyavarkoil village, under the Poonamallee SRO. The land classification for this area is Residential Class II Type - I.

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 earliest recorded figure is from 2003, where the guideline value was Rs 32 per sq.ft. This increased to Rs 100 per sq.ft in 2007, followed by a significant jump to Rs 500 per sq.ft in 2012. However, in 2017, the value decreased to Rs 335 per sq.ft. The guideline value then rose to Rs 500 per sq.ft in 2023, and finally reached Rs 550 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Between these revisions, the changes were notable. The increase from 2003 to 2007 was +213%, followed by a +400% increase from 2007 to 2012. The value then saw a decrease of -33% from 2012 to 2017, and a significant increase of +49% from 2017 to 2023. Overall, from 2003 to 2024, the guideline value has increased by +1619%. The register has no figure for this street in 2002.

Guideline values in Udaiyavarkoil

In Udaiyavarkoil, there are 35 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,400 per sq.ft. The median guideline value is Rs 550 per sq.ft, which is equal to the current value of Thirupur kumaran street.

• Thirumalai Nagar: Rs 1,910 per sq.ft (2024)
• Thiruvalluvar street: Rs 550 per sq.ft (2024)
• Supreme Avenue: Rs 552 per sq.ft (2024)
• Sri Athivinayagar Avenue 214, 217, 218, 219, 220, 221, 222, 223, 224, 225, 226, 228, 230, 216: Rs 550 per sq.ft (2024)
• V.O.C.street: Rs 550 per sq.ft (2024)
• Shri Padmavathy nagar: Rs 550 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 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. 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 more information.

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

The guideline value is a crucial factor when registering property transactions in Udaiyavarkoil. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and fairness in property dealings.

When buying or selling a property, the guideline value impacts the stamp duty and registration fees that need to be paid. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher, influencing the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Thirupur kumaran street?

The current guideline value of Thirupur kumaran street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 32 per sq.ft in 2003 to Rs 550 per sq.ft in 2024, reflecting an overall increase of +1619% over the years.

What are the stamp duty and registration fees for properties in Thirupur kumaran street?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500, and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which Sub Registrar Office covers this area?

The Poonamallee Sub Registrar Office covers Thirupur kumaran street, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What is the land classification for Thirupur kumaran street?

The land classification for Thirupur kumaran street is Residential Class II Type - I.