Guideline Value for Thiruverkadu Sakthivel Nagar Main Road

Thiruverkadu Sakthivel Nagar Main Road guideline value

The current guideline value for Thiruverkadu Sakthivel 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 Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - I.

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

Over the years, the guideline value of Thiruverkadu Sakthivel Nagar Main Road has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 59%, raising the value to Rs 1,600 per sq.ft. The most recent revision in 2024 has further increased the value by 10%, bringing it to Rs 1,760 per sq.ft.

It is important to note that there are no figures available for the revisions in 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 that carry 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, which means that Thiruverkadu Sakthivel Nagar Main Road's 2024 value is above this median.

• Thiruverkadu Sakthivel Nagar 3rd Cross Street: Rs 1,540 per sq.ft (2024)
• Thiruverkadu Yadhaval Street: Rs 1,540 per sq.ft (2024)
• Thiruverkadu Sakthivel Nagar 2nd Cross Street: Rs 1,540 per sq.ft (2024)
• Thiruverkadu Sakthivel Nagar 1st Cross 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 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. Together, the total cost for stamp duty and registration fee would be Rs 1,58,400. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thiruverkadu Sakthivel Nagar Main Road?

The Thiruverkadu Sakthivel Nagar Main Road falls under 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

When buying or selling property in Thiruverkadu, the guideline value is essential for determining the stamp duty and registration fees. This value is set by the government and is used to calculate the costs associated with the property transaction.

At the time of registration, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount based on the property's value.

Frequently asked questions

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

The current guideline value of Thiruverkadu Sakthivel 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 1,005 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,760 per sq.ft in 2024.

What are the other streets in Thiruverkadu with their guideline values?

Other streets in Thiruverkadu include Thiruverkadu Sakthivel Nagar 3rd Cross Street, Thiruverkadu Yadhaval Street, Thiruverkadu Sakthivel Nagar 2nd Cross Street, Thiruverkadu Sakthivel Nagar 1st Cross Street, Thiruverkadu Palvadi Street, and Thiruverkadu Mayana Road, all valued at Rs 1,540 per sq.ft in 2024.

What is the stamp duty rate for properties in Thiruverkadu?

The stamp duty rate for properties in Thiruverkadu is 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Which office handles the registration for Thiruverkadu Sakthivel Nagar Main Road?

The Kunrathur Sub Registrar Office handles the registration for Thiruverkadu Sakthivel Nagar Main Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.