Guideline Value for Thiruverkadu Sakthivel Nagar 3rd Cross Street

Thiruverkadu Sakthivel Nagar 3rd Cross Street guideline value

The current guideline value of Thiruverkadu Sakthivel Nagar 3rd Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village and falls under the Kunrathur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Thiruverkadu Sakthivel Nagar 3rd Cross Street has changed

The guideline value for Thiruverkadu Sakthivel Nagar 3rd Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which was then reduced to Rs 938 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 1,400 per sq.ft, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 1,540 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thiruverkadu

In Thiruverkadu, there are a total of 178 streets under the Kunrathur SRO, with the 2024 guideline values 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, which is equal to the guideline value for Thiruverkadu Sakthivel Nagar 3rd Cross Street.

• Thiruverkadu Sakthivel Nagar 2nd Cross Street: Rs 1,540 per sq.ft (2024)
• Thiruverkadu Sakthivel Nagar Main Road: Rs 1,760 per sq.ft (2024)
• Thiruverkadu Sakthivel Nagar 1st Cross Street: Rs 1,540 per sq.ft (2024)
• Thiruverkadu Yadhaval Street: Rs 1,540 per sq.ft (2024)
• Thiruverkadu Palvadi Street: Rs 1,540 per sq.ft (2024)
• Thiruverkadu Mayana Road: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruverkadu Sakthivel Nagar 3rd 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 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruverkadu Sakthivel Nagar 3rd Cross Street?

The Thiruverkadu Sakthivel Nagar 3rd 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 details.

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

The guideline value is an important factor in the registration process for property transactions in Thiruverkadu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When buying or selling property, the guideline value is used to ensure that the transaction is registered at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure they are compliant with the registration requirements.

Frequently asked questions

What is the current guideline value of Thiruverkadu Sakthivel Nagar 3rd Cross Street?

The current guideline value of Thiruverkadu Sakthivel Nagar 3rd 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 3rd Cross Street?

The land classification for Thiruverkadu Sakthivel Nagar 3rd Cross Street is Residential Class I Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is charged at 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,38,600.

Which Sub Registrar Office covers this area?

The Kunrathur Sub Registrar Office covers Thiruverkadu Sakthivel Nagar 3rd Cross Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.