Guideline Value for Thiruverkadu Bajanai Koil Street Main 4th Cross Street

Thiruverkadu Bajanai Koil Street Main 4th Cross Street guideline value

The current guideline value of Thiruverkadu Bajanai Koil Street Main 4th 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 it falls under the land classification of Residential Special Type - I.

How the guideline value of Thiruverkadu Bajanai Koil Street Main 4th Cross Street has changed

The guideline value for Thiruverkadu Bajanai Koil Street Main 4th Cross Street has seen several revisions over the years. In 2012, the guideline value was Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in 2017. However, this figure increased significantly to Rs 1,600 per sq.ft in 2023, and further rose to Rs 1,760 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 17%. The register does not provide 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 with 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 4th Cross Street above this median.

• Thiruverkadu Bajanai Koil Street Main 3rd 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 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 4th 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, making the total cost for these fees Rs 1,58,400. It’s important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruverkadu Bajanai Koil Street Main 4th Cross Street?

The Thiruverkadu Bajanai Koil Street Main 4th 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 factor when registering property transactions in Thiruverkadu. It determines the minimum value at which a property can be sold and is used to calculate the stamp duty and registration fees applicable during the sale.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded accurately with the relevant authorities. This process helps maintain transparency and legality in property transactions.

Frequently asked questions

What is the current guideline value of Thiruverkadu Bajanai Koil Street Main 4th Cross Street?

The current guideline value of Thiruverkadu Bajanai Koil Street Main 4th 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 occurring in 2017 and 2023 as well.

What is the registration office for this street?

The registration office that covers Thiruverkadu Bajanai Koil Street Main 4th Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2% of the guideline value.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum price for property transactions and is essential for calculating the applicable stamp duty and registration fees during the sale.