Guideline Value for Thirupurasundarai Nagar

Thirupurasundarai Nagar guideline value

The current guideline value for Thirupurasundarai Nagar, located in Satthankadu village under the Thiruvottiyur SRO, is Rs 2,800 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Thirupurasundarai Nagar has changed

The guideline value for Thirupurasundarai Nagar has undergone several revisions over the years. In 2007, the value was set at Rs 800 per sq.ft. This increased significantly to Rs 2,600 per sq.ft in 2012, marking a rise of 225%. However, it then decreased to Rs 1,742 per sq.ft in 2017, reflecting a decline of 33%. The value saw a substantial increase again, reaching Rs 2,600 per sq.ft in 2023, which was a 49% rise from the previous figure. The most recent revision in 2024 set the guideline value at Rs 2,800 per sq.ft, representing an 8% increase from 2023.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 250%.

Guideline values in Satthankadu

In Satthankadu, there are 71 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,400 per sq.ft. Thirupurasundarai Nagar's guideline value is below this median.

• Thirupurasundarai Nagar(Corner Plots): Rs 3,800 per sq.ft (2024)
• Thilagar Nagar: Rs 3,400 per sq.ft (2024)
• T.H.Road: Rs 5,500 per sq.ft (2024)
• Thulasiram Nagar: Rs 3,400 per sq.ft (2024)
• Udayasooriyan Link Road: Rs 3,400 per sq.ft (2024)
• Udayasooriyan Street: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thirupurasundarai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, making the total fees Rs 2,52,000. 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 further calculations.

Which Sub Registrar Office covers Thirupurasundarai Nagar?

The Sub Registrar Office that covers Thirupurasundarai Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Satthankadu. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When selling property, the guideline value can influence the transaction as it reflects the official valuation of the property. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Thirupurasundarai Nagar?

The current guideline value of Thirupurasundarai Nagar is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 800 per sq.ft in 2007, rising to Rs 2,600 in 2012, dropping to Rs 1,742 in 2017, increasing to Rs 2,600 in 2023, and finally reaching Rs 2,800 in 2024.

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

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which office handles property registrations in Thirupurasundarai Nagar?

The Thiruvottiyur Sub Registrar Office handles property registrations for Thirupurasundarai Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How does the guideline value affect property transactions?

The guideline value affects property transactions by determining the amount of stamp duty and registration fees payable. It serves as a reference for the official valuation of properties during buying and selling.