Guideline Value for Thirupurkumaran Street

Thirupurkumaran Street guideline value

The current guideline value of Thirupurkumaran Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Kerugambakkam village under the Pammal Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - II.

How the guideline value of Thirupurkumaran Street has changed

In the 2017 revision, the guideline value was set at Rs 1,206 per sq.ft. This figure increased to Rs 1,800 per sq.ft in the 2023 revision, reflecting a significant change of 49%. The most recent revision in 2024 raised the guideline value to Rs 1,980 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

The register has no figures for the years 2002, 2003, 2007, and 2012 for Thirupurkumaran Street. The only revisions available are from 2017, 2023, and 2024.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Thirupurkumaran Street's 2024 figure below that median.

• Thiruvalluvar Street: Rs 1,650 per sq.ft (2024)
• Thiruvedhiamman Koil Street: Rs 1,980 per sq.ft (2024)
• Thiru.Vi.Ka Street: Rs 1,980 per sq.ft (2024)
• Surrya Enclave: Rs 1,760 per sq.ft (2024)
• Vasantha Venkatesan Street: Rs 4,185 per sq.ft (2024)
• Sri Venkata Narayana Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thirupurkumaran Street

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, while the registration fee at 2% would be Rs 39,600. Together, these fees would total Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thirupurkumaran Street?

The Sub Registrar Office that covers Thirupurkumaran Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kerugambakkam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thirupurkumaran Street?

The current guideline value of Thirupurkumaran Street 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 from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for Thirupurkumaran Street?

Thirupurkumaran Street is classified as Residential Class II Type - II.

Where is the Pammal Sub Registrar Office located?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000.