Guideline Value for Thiruverkadu Atrangarai Street

Thiruverkadu Atrangarai Street guideline value

The current guideline value of Thiruverkadu Atrangarai Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thiruverkadu Atrangarai Street has changed

The guideline value for Thiruverkadu Atrangarai Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which was reduced to Rs 938 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,400 per sq.ft in the 2023 revision and further rose to Rs 1,540 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft, with a median value of Rs 1,540 per sq.ft. Thiruverkadu Atrangarai Street's 2024 figure aligns with this median.

• Thiruverkadu Bajanai Koil Street Main 1st Cross Street: Rs 1,760 per sq.ft (2024)
• Thiruverkadu Bajanai Koil Street Main 2nd Cross Street: Rs 1,760 per sq.ft (2024)
• Thiruverkadu Bajanai Koil Street Main 3rd Cross Street: Rs 1,760 per sq.ft (2024)
• Thiruverkadu Bajanai Koil Street Main 4th Cross Street: Rs 1,760 per sq.ft (2024)
• Thiruverkadu Ganapathi Nagar Main Road: Rs 1,760 per sq.ft (2024)
• Thiruverkadu Kamadenu Nagar Main Road: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruverkadu Atrangarai Street

For a 1,000 sq.ft plot at the current rate of Rs 1,540 per sq.ft, the guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, totaling Rs 1,38,600. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruverkadu Atrangarai Street?

The Thiruverkadu Atrangarai Street falls under the Kunrathur Sub Registrar Office located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruverkadu. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is sold, the registration office uses the guideline value to calculate the necessary fees, ensuring that the transaction is recorded accurately. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Thiruverkadu Atrangarai Street?

The current guideline value of Thiruverkadu Atrangarai Street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2023 to Rs 1,540 per sq.ft in 2024, reflecting a 10% increase. Additionally, it increased from Rs 938 per sq.ft in 2017 to Rs 1,400 per sq.ft in 2023, marking a 49% rise.

Where can I find the registration office for Thiruverkadu Atrangarai Street?

The registration office for Thiruverkadu Atrangarai Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the stamp duty rate for properties in Thiruverkadu?

The stamp duty rate for properties in Thiruverkadu is 7%. This is calculated based on the higher of the guideline value or the sale price of the property.

What is the land classification of Thiruverkadu Atrangarai Street?

Thiruverkadu Atrangarai Street is classified as Residential Class I Type - I, which is important for understanding the zoning regulations and potential uses of the property.