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Guideline Value

Corporate

Guideline Value for Thiruverkadu Co-op Nagar Phase II

₹2420/sq.ft.

The guideline value for Thiruverkadu Co-op Nagar Phase Ii in Noombal village (Kunrathur SRO, Chennai zone) is Rs 2420 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Noombal

Village

Kunrathur

SRO

Commercial Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2420 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 ₹203 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thiruverkadu Co-op Nagar Phase Ii

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Thiruverkadu Co-op Nagar Phase II guideline value

The current guideline value of Thiruverkadu Co-op Nagar Phase II is Rs 2,420 per sq.ft. This area is located in Noombal village, under the Kunrathur SRO. The land classification for this property is Commercial Class I Type - III.

How the guideline value of Thiruverkadu Co-op Nagar Phase II has changed

The guideline value has seen significant changes over the years. The earliest recorded figure was Rs 203 per sq.ft in 2003. This value increased substantially to Rs 1,474 per sq.ft by 2017, marking a change of +626%. From 2017 to 2023, the value rose to Rs 2,200 per sq.ft, which is a +49% increase. The most recent revision in 2024 set the guideline value at Rs 2,420 per sq.ft, reflecting a +10% change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2007, and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by +1092%.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median guideline value in this area is Rs 2,090 per sq.ft, placing Thiruverkadu Co-op Nagar Phase II above that median.

Stamp duty and registration fee for property in Thiruverkadu Co-op Nagar Phase II

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would amount to Rs 1,69,400, while the registration fee at 2% would be Rs 48,400, bringing the total fees together to Rs 2,17,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thiruverkadu Co-op Nagar Phase II?

The Thiruverkadu Co-op Nagar Phase II falls under 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 Noombal

The guideline value is a crucial factor in property transactions in Noombal, as it determines the minimum value at which a property can be registered. When buying or selling property, the registration fees and stamp duty are calculated based on this guideline value or the sale price, depending on which is higher.

It is essential for buyers and sellers to be aware of the guideline value to ensure that they are compliant with legal requirements during the registration process. This helps in avoiding any discrepancies that may arise during property transactions.

Frequently asked questions

What is the current guideline value of Thiruverkadu Co-op Nagar Phase II?

The current guideline value of Thiruverkadu Co-op Nagar Phase II is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 203 per sq.ft in 2003 to Rs 2,420 per sq.ft in 2024, reflecting an overall increase of +1092%.

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

For a property valued at Rs 24,20,000, the stamp duty would be Rs 1,69,400 and the registration fee would be Rs 48,400, totaling Rs 2,17,800.

Where can I find the Sub Registrar Office for Thiruverkadu Co-op Nagar Phase II?

The Sub Registrar Office covering Thiruverkadu Co-op Nagar Phase II is located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value of a property, impacting the stamp duty and registration fees during property transactions.