Guideline Value for Thiruverkadu Co-operative Nagar PhaseIII&Part1,2

Thiruverkadu Co-operative Nagar PhaseIII&Part1,2 guideline value

The current guideline value of Thiruverkadu Co-operative Nagar PhaseIII&Part1,2 is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Chennerkuppam village and falls under the Kunrathur SRO. The land classification for this region is Residential Class I Type - II.

How the guideline value of Thiruverkadu Co-operative Nagar PhaseIII&Part1,2 has changed

The guideline value for Thiruverkadu Co-operative Nagar PhaseIII&Part1,2 has seen several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 500 per sq.ft. This increased significantly to Rs 1,400 per sq.ft in 2012, marking a 180% rise. However, it then decreased to Rs 938 per sq.ft in 2017, reflecting a decline of 33%. The 2023 revision set the value at Rs 1,400 per sq.ft, followed by a 10% increase to the current value of Rs 1,540 per sq.ft in 2024.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 208%. It is important to note that there are no recorded figures for this street in the years 2002 and 2003.

Guideline values in Chennerkuppam

In Chennerkuppam, there are 74 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,895 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, which is the same as the guideline value for Thiruverkadu Co-operative Nagar PhaseIII&Part1,2. Below are the guideline values for other streets in Chennerkuppam:

• Thiruverkkadu Road: Rs 2,090 per sq.ft (2024)
• Thulasi Nagar: Rs 1,430 per sq.ft (2024)
• Thulasi Nagar Annex: Rs 1,430 per sq.ft (2024)
• Vallaler Street: Rs 1,540 per sq.ft (2024)
• Vaniyar Street: Rs 1,320 per sq.ft (2024)
• Vanuver Veethi: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruverkadu Co-operative Nagar PhaseIII&Part1,2

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruverkadu Co-operative Nagar PhaseIII&Part1,2?

The Thiruverkadu Co-operative Nagar PhaseIII&Part1,2 area 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 information.

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

The guideline value is an important factor when buying or selling property in Chennerkuppam. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating the applicable duties.

When registering a property, it is essential to consult the guideline value to ensure compliance with local regulations. This helps in avoiding any discrepancies during the registration process and ensures that all fees are accurately calculated based on the current guideline value.

Frequently asked questions

What is the current guideline value for Thiruverkadu Co-operative Nagar PhaseIII&Part1,2?

The current guideline value for Thiruverkadu Co-operative Nagar PhaseIII&Part1,2 is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024, reflecting an overall increase of 208% over the years.

What is the land classification for Thiruverkadu Co-operative Nagar PhaseIII&Part1,2?

The land classification for Thiruverkadu Co-operative Nagar PhaseIII&Part1,2 is Residential Class I Type - II.

Where can I find the registration office for this area?

The registration office for Thiruverkadu Co-operative Nagar PhaseIII&Part1,2 is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,07,800.