Guideline Value for Thiruverkadu Ganapathi Nagar Main Road

Thiruverkadu Ganapathi Nagar Main Road guideline value

The current guideline value of Thiruverkadu Ganapathi Nagar Main Road is Rs 1,760 per sq.ft, effective from 1 July 2024. This road is located in Thiruverkadu village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Thiruverkadu Ganapathi Nagar Main Road has changed

The guideline value for Thiruverkadu Ganapathi Nagar Main Road has seen several revisions over the years. In 2012, the value was Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,600 per sq.ft in 2023, marking a 59% rise from the 2017 figure. The most recent revision in 2024 has set the value at Rs 1,760 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, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 17%.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, placing Thiruverkadu Ganapathi Nagar Main Road above this median.

• Thiruverkadu Kamadenu Nagar Main Road: Rs 1,760 per sq.ft (2024)
• Thiruverkadu-Madhiravedu Road: Rs 1,540 per sq.ft (2024)
• Thiruverkadu Mayana Road: Rs 1,540 per sq.ft (2024)
• Thiruverkadu Palvadi Street: Rs 1,540 per sq.ft (2024)
• Thiruverkadu Bajanai Koil Street Main 4th Cross Street: Rs 1,760 per sq.ft (2024)
• Thiruverkadu Sakthivel Nagar 1st Cross Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruverkadu Ganapathi Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, while the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruverkadu Ganapathi Nagar Main Road?

The Thiruverkadu Ganapathi Nagar Main Road 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 Thiruverkadu

The guideline value plays a crucial role when buying or selling property in Thiruverkadu. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is considered to ascertain the amount of stamp duty payable. This amount is calculated based on the higher value between the guideline value and the sale price, ensuring that the appropriate fees are collected.

Frequently asked questions

What is the current guideline value of Thiruverkadu Ganapathi Nagar Main Road?

The current guideline value of Thiruverkadu Ganapathi Nagar Main Road is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,760 per sq.ft in 2024, with various increments and a decrease in between. Notably, there was a significant increase from Rs 1,600 per sq.ft in 2023 to Rs 1,760 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Thiruverkadu Ganapathi Nagar Main Road?

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Thiruverkadu?

The Kunrathur Sub Registrar Office handles property registrations for Thiruverkadu Ganapathi Nagar Main Road. It is located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Thiruverkadu Ganapathi Nagar Main Road?

The land classification for Thiruverkadu Ganapathi Nagar Main Road is Residential Special Type - I, indicating its suitability for residential development.