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Guideline Value

Corporate

Guideline Value for Thiruverkadu Co-op Nagar Phase V

₹2420/sq.ft.

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

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Thiruverkadu Co-op Nagar Phase V guideline value

The current guideline value of Thiruverkadu Co-op Nagar Phase V is Rs 2,420 per sq.ft. 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 V has changed

Since the 2003 revision, the guideline value has seen significant increases. In 2003, the value was Rs 203 per sq.ft. It rose to Rs 1,474 per sq.ft in 2017, marking a remarkable increase of 626%. The next revision in 2023 brought the value to Rs 2,200 per sq.ft, which is a 49% increase from 2017. The current revision in 2024 has further increased the guideline value to Rs 2,420 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2007, and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 1,092%.

Guideline values in Noombal

Noombal village features 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 for these streets is Rs 2,090 per sq.ft, placing Thiruverkadu Co-op Nagar Phase V above this median.

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

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. Together, the total cost for these fees would be Rs 2,17,800. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

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

The Thiruverkadu Co-op Nagar Phase V 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 is a crucial factor in the registration process of property transactions in Noombal. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair price.

When buying or selling property, the guideline value influences the stamp duty and registration fees that need to be paid. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 203 per sq.ft in 2003 to Rs 2,420 per sq.ft in 2024, which is an overall increase of 1,092% over the years.

What is the stamp duty rate for property in Thiruverkadu Co-op Nagar Phase V?

The stamp duty rate for property in Thiruverkadu Co-op Nagar Phase V is 7% of the guideline value or the sale price, whichever is higher.

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

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

How does the guideline value affect property transactions?

The guideline value affects property transactions by determining the minimum registration price and influencing the stamp duty and registration fees required during the buying or selling process.