Guideline Value for Thiruverkadu Co-op Nagar Phase IV

Thiruverkadu Co-op Nagar Phase IV guideline value

The current guideline value for Thiruverkadu Co-op Nagar Phase IV is Rs 2,420 per sq.ft, effective from 1 July 2024. This area is located in Noombal village and falls under the Kunrathur SRO. The land classification for this street is Commercial Class I Type - III.

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

The guideline value for Thiruverkadu Co-op Nagar Phase IV has seen significant changes over the years. In 2003, the guideline value was Rs 242 per sq.ft, which increased to Rs 1,474 per sq.ft in 2017, marking a substantial rise of 509%. The value continued to climb, reaching Rs 2,200 per sq.ft in 2023, a 49% increase from the previous revision. The latest revision in 2024 set the guideline value at Rs 2,420 per sq.ft, reflecting a 10% increase from 2023.

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 900%.

Guideline values in Noombal

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

• Thiruverkadu Co-op Nagar Phase II: Rs 2,420 per sq.ft (2024)
• Thiruverkadu Co-op Nagar Phase V: Rs 2,420 per sq.ft (2024)
• Thiruverkadu Co-op Nagar Phase I: Rs 2,420 per sq.ft (2024)
• Thiruverkadu Co-op Nagar Phase VI: Rs 2,420 per sq.ft (2024)
• T.V.K. Nagar: Rs 2,090 per sq.ft (2024)
• T.V.K. Nagar Annexe: Rs 2,090 per sq.ft (2024)

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

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. Together, these fees would total Rs 2,17,800. 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 Co-op Nagar Phase IV?

The Thiruverkadu Co-op Nagar Phase IV falls under the jurisdiction of 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 Noombal

The guideline value is a crucial factor during property registration in Noombal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When a property transaction occurs, the guideline value helps to establish a fair assessment for taxation purposes. It is essential for both parties to understand the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Thiruverkadu Co-op Nagar Phase IV?

The current guideline value for Thiruverkadu Co-op Nagar Phase IV 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 increased from Rs 242 per sq.ft in 2003 to Rs 2,420 per sq.ft in 2024, marking an overall increase of 900% over this period.

What are the stamp duty and registration fees for properties in 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.

Which Sub Registrar Office handles registrations for this area?

The Kunrathur Sub Registrar Office at No.59, Road Street, Kundrathur, Chennai -600 069, is responsible for handling registrations in Thiruverkadu Co-op Nagar Phase IV.

Where can I find more information on the guideline values in Noombal?

Information on guideline values in Noombal can be accessed through the Registration Department's guideline value register (TNReginet) and various links provided for specific streets.