Guideline Value for Thiruverkadu Bajanai Koil Street Main 2nd Cross Street

Thiruverkadu Bajanai Koil Street Main 2nd Cross Street guideline value

The current guideline value of Thiruverkadu Bajanai Koil Street Main 2nd Cross Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village and falls under the Kunrathur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Thiruverkadu Bajanai Koil Street Main 2nd Cross Street has changed

The guideline value for Thiruverkadu Bajanai Koil Street Main 2nd Cross Street has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. This figure decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value significantly increased to Rs 1,600 per sq.ft in 2023, reflecting a rise of 59%. The most recent 2024 revision sets the guideline value at Rs 1,760 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figures for this street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 17%.

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. The median guideline value for these streets is Rs 1,540 per sq.ft, placing Thiruverkadu Bajanai Koil Street Main 2nd Cross Street above this median.

• Thiruverkadu Bajanai Koil Street Main 1st 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 Atrangarai Street: Rs 1,540 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 2nd 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, while the registration fee at 2% would be Rs 35,200. Together, the total cost for stamp duty and registration would be 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruverkadu Bajanai Koil Street Main 2nd Cross Street?

The Thiruverkadu Bajanai Koil Street Main 2nd 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 more information.

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

The guideline value is a crucial reference for property transactions in Thiruverkadu. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this valuation.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall cost of the transaction. Buyers should ensure that they are not paying less than the guideline value to avoid legal complications during registration.

Frequently asked questions

What is the current guideline value of Thiruverkadu Bajanai Koil Street Main 2nd Cross Street?

The current guideline value of Thiruverkadu Bajanai Koil Street Main 2nd 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 notable increases and decreases in between. The value decreased to Rs 1,005 per sq.ft in 2017, then rose to Rs 1,600 per sq.ft in 2023 before reaching the current figure.

What are the other streets in Thiruverkadu with similar guideline values?

Other streets in Thiruverkadu with similar guideline values include Thiruverkadu Bajanai Koil Street Main 1st Cross Street, Thiruverkadu Bajanai Koil Street Main 3rd Cross Street, and Thiruverkadu Bajanai Koil Street Main 4th Cross Street, all at Rs 1,760 per sq.ft in 2024.

Where can I calculate stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which office handles property registrations in Thiruverkadu?

The Kunrathur Sub Registrar Office handles property registrations in Thiruverkadu. It is located at No.59, Road Street, Kundrathur, Chennai -600 069.