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Guideline Value

Corporate

Guideline Value for Thiruverkadu Co-op Nagar Phase VI

₹2420/sq.ft.

The guideline value for Thiruverkadu Co-op Nagar Phase Vi 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 ₹325 /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 Vi

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Thiruverkadu Co-op Nagar Phase VI guideline value

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

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

The guideline value for Thiruverkadu Co-op Nagar Phase VI has seen significant changes over the years. In the 2003 revision, the guideline value was Rs 325 per sq.ft. This figure increased to Rs 1,474 per sq.ft in the 2017 revision, marking a substantial rise of 354%. The value further increased to Rs 2,200 per sq.ft in the 2023 revision, which was a 49% increase from the previous revision. The current guideline value of Rs 2,420 per sq.ft in the 2024 revision reflects a 10% increase from the 2023 figure.

It is important to note that there are no figures available for the years 2002, 2007, and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 645%.

Guideline values in Noombal

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

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

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 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 VI?

The Thiruverkadu Co-op Nagar Phase VI 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 details.

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 serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When a property is sold, the guideline value is used to calculate the applicable duties and fees. This ensures that transactions are conducted transparently and that the government receives the appropriate revenue from property sales.

Frequently asked questions

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

The current guideline value of Thiruverkadu Co-op Nagar Phase VI 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 325 per sq.ft in 2003 to Rs 2,420 per sq.ft in 2024, reflecting an overall increase of 645% over this period.

What is the land classification of Thiruverkadu Co-op Nagar Phase VI?

Thiruverkadu Co-op Nagar Phase VI is classified as Commercial Class I Type - III.

Where can I find the registration office for Thiruverkadu Co-op Nagar Phase VI?

The registration office for Thiruverkadu Co-op Nagar Phase VI is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for property in Thiruverkadu Co-op Nagar Phase VI?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 24,20,000, the stamp duty would be Rs 1,69,400 at a rate of 7%.