Guideline Value for Thiruverkadu Bajanai Koil Street Main 3rd Cross Street

Thiruverkadu Bajanai Koil Street Main 3rd Cross Street guideline value

The current guideline value of Thiruverkadu Bajanai Koil Street Main 3rd 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, classified as Residential Special Type - I.

How the guideline value of Thiruverkadu Bajanai Koil Street Main 3rd Cross Street has changed

The guideline value for Thiruverkadu Bajanai Koil Street Main 3rd Cross Street has seen several changes over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a reduction of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,600 per sq.ft, a rise of 59%. The most recent revision in 2024 has further increased the value to Rs 1,760 per sq.ft, reflecting a change of 10% from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. 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, with a median value of Rs 1,540 per sq.ft. Thiruverkadu Bajanai Koil Street Main 3rd Cross Street's 2024 figure of Rs 1,760 per sq.ft is above this median.

• Thiruverkadu Bajanai Koil Street Main 2nd 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 Bajanai Koil Street Main 1st Cross Street: Rs 1,760 per sq.ft (2024)
• Thiruverkadu Atrangarai Street: Rs 1,540 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 3rd 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 charges 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruverkadu Bajanai Koil Street Main 3rd Cross Street?

The Thiruverkadu Bajanai Koil Street Main 3rd 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 further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Thiruverkadu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiruverkadu Bajanai Koil Street Main 3rd Cross Street?

The current guideline value of Thiruverkadu Bajanai Koil Street Main 3rd 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 fluctuations 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 is the land classification of this street?

The land classification of Thiruverkadu Bajanai Koil Street Main 3rd Cross Street is Residential Special Type - I.

Where can I find the registration office for this street?

The registration office for Thiruverkadu Bajanai Koil Street Main 3rd Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 17,60,000, the stamp duty at 7% would be Rs 1,23,200.