Guideline Value for Thiruverkadu Bajanai Koil Street Main 1st Cross Street

Thiruverkadu Bajanai Koil Street Main 1st Cross Street guideline value

The current guideline value of Thiruverkadu Bajanai Koil Street Main 1st Cross Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Thiruverkadu Bajanai Koil Street Main 1st Cross Street has changed

The guideline value for Thiruverkadu Bajanai Koil Street Main 1st Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,600 per sq.ft in the 2023 revision, and the latest revision in 2024 set it at Rs 1,760 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 17%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruverkadu

In Thiruverkadu village, 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. The guideline value for Thiruverkadu Bajanai Koil Street Main 1st Cross Street is above this median.

• Thiruverkadu Atrangarai Street: Rs 1,540 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 Bajanai Koil Street Main 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruverkadu Bajanai Koil Street Main 1st Cross Street?

The Thiruverkadu Bajanai Koil Street Main 1st Cross Street is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for additional 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 reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Thiruverkadu Bajanai Koil Street Main 1st Cross Street?

The current guideline value of Thiruverkadu Bajanai Koil Street Main 1st Cross Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,760 per sq.ft in 2024, with significant changes in between, including a decrease to Rs 1,005 per sq.ft in 2017 and an increase to Rs 1,600 per sq.ft in 2023.

What are the stamp duty rates for property in Thiruverkadu?

The stamp duty for property in Thiruverkadu is charged at 7% of the guideline value or sale price, whichever is higher. For example, on a property valued at Rs 17,60,000, the stamp duty would amount to Rs 1,23,200.

Where can I find the registration office for Thiruverkadu Bajanai Koil Street Main 1st Cross Street?

The registration office for Thiruverkadu Bajanai Koil Street Main 1st Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Thiruverkadu Bajanai Koil Street Main 1st Cross Street?

The land classification for Thiruverkadu Bajanai Koil Street Main 1st Cross Street is Residential Special Type - I, indicating its suitability for residential development.