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Guideline Value

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Guideline Value for Thiruverkadu Sakthivel Nagar 2nd Cross Street

₹1540/sq.ft.

The guideline value for Thiruverkadu Sakthivel Nagar 2nd Cross Street in Thiruverkadu village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruverkadu

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
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 Sakthivel Nagar 2nd Cross Street

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Thiruverkadu Sakthivel Nagar 2nd Cross Street guideline value

The current guideline value of Thiruverkadu Sakthivel Nagar 2nd Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thiruverkadu Sakthivel Nagar 2nd Cross Street has changed

The guideline value for Thiruverkadu Sakthivel Nagar 2nd Cross Street has seen several revisions over the years. In 2012, the value was Rs 1,400 per sq.ft, which decreased to Rs 938 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,400 per sq.ft in 2023, and further rose to Rs 1,540 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the increase was 49%, while the decrease from 2012 to 2017 was 33%. Overall, comparing the values from 2012 to 2024, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, which is equal to the guideline value for Thiruverkadu Sakthivel Nagar 2nd Cross Street.

Stamp duty and registration fee for property in Thiruverkadu Sakthivel Nagar 2nd Cross Street

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 be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total cost for these fees 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 accurate calculations based on your property details.

Which Sub Registrar Office covers Thiruverkadu Sakthivel Nagar 2nd Cross Street?

The Thiruverkadu Sakthivel Nagar 2nd Cross Street 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 Thiruverkadu

The guideline value plays a crucial role in the property registration process in Thiruverkadu. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these charges are based on the official valuation of the property.

Frequently asked questions

What is the current guideline value of Thiruverkadu Sakthivel Nagar 2nd Cross Street?

The current guideline value of Thiruverkadu Sakthivel Nagar 2nd Cross Street 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 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then increased to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,540 per sq.ft in 2024.

What is the land classification for Thiruverkadu Sakthivel Nagar 2nd Cross Street?

The land classification for Thiruverkadu Sakthivel Nagar 2nd Cross Street is Residential Class I Type - I.

Where can I find the registration office for Thiruverkadu Sakthivel Nagar 2nd Cross Street?

The registration office for Thiruverkadu Sakthivel Nagar 2nd Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Thiruverkadu?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7%, while the registration fee is 2% of the guideline value.