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Guideline Value

Corporate

Guideline Value for Thiruverkadu Co-op Nagar Phase I

₹2420/sq.ft.

The guideline value for Thiruverkadu Co-op Nagar Phase I 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 I

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Thiruverkadu Co-op Nagar Phase I guideline value

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

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

The guideline value for Thiruverkadu Co-op Nagar Phase I has seen significant changes over the years. In the 2003 revision, the guideline value was Rs 203 per sq.ft. This increased dramatically to Rs 1,474 per sq.ft in 2017, marking a 626% increase. The value then rose to Rs 2,200 per sq.ft in 2023, reflecting a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 2,420 per sq.ft, which is 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 1,092%.

Guideline values in Noombal

In Noombal, there are 164 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,500 per sq.ft, with a median value of Rs 2,090 per sq.ft. The guideline value of Thiruverkadu Co-op Nagar Phase I is above this median.

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

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, and the registration fee at 2% would be Rs 48,400, bringing the total cost for these fees 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 our stamp duty and registration fee calculator for more details.

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

The Thiruverkadu Co-op Nagar Phase I is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Noombal. It is used to determine the stamp duty and registration fees that must be paid during the transaction. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions. This helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

Since the 2003 revision, the guideline value has increased significantly, from Rs 203 per sq.ft to Rs 2,420 per sq.ft in 2024, representing an overall increase of 1,092%.

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

Other streets in Noombal with the same guideline value of Rs 2,420 per sq.ft include Thiruverkadu Co-op Nagar Phase II, Phase IV, Phase V, and Phase VI.

What are the stamp duty and registration fees for property in Thiruverkadu Co-op Nagar Phase I?

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 my Sub Registrar Office?

The Kunrathur Sub Registrar Office covers Thiruverkadu Co-op Nagar Phase I, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO online.