Guideline Value for Thiruverkkadu Road

Thiruverkkadu Road guideline value

The current guideline value of Thiruverkkadu Road is Rs 2,090 per sq.ft, effective from 1 July 2024. This road is located in Chennerkuppam village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thiruverkkadu Road has changed

The guideline value for Thiruverkkadu Road has seen several revisions over the years. In 2007, the value was set at Rs 500 per sq.ft, which increased significantly to Rs 1,900 per sq.ft in 2012, marking a rise of 280%. However, between 2012 and 2017, the value decreased to Rs 1,273 per sq.ft, a drop of 33%. The value then rose again to Rs 1,900 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 2,090 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 318%.

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, making Thiruverkkadu Road's 2024 figure of Rs 2,090 per sq.ft above the median.

• Thiruverkadu Co-operative Nagar PhaseIII&Part1,2: Rs 1,540 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 Thiruverkkadu Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value amounts to Rs 20,90,000. The stamp duty at 7% would be Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total to Rs 1,88,100. 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 on fees applicable to property transactions.

Which Sub Registrar Office covers Thiruverkkadu Road?

The Sub Registrar Office that covers Thiruverkkadu Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For further information, you can find your SRO.

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

The guideline value is a critical factor when registering a property in Chennerkuppam. It serves as a benchmark for the minimum value at which property transactions are recorded, ensuring transparency in the real estate market.

When buying or selling property, the guideline value helps determine the stamp duty and registration fees applicable, which are calculated based on this value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiruverkkadu Road?

The current guideline value of Thiruverkkadu Road is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 500 per sq.ft in 2007 to Rs 2,090 per sq.ft in 2024, marking an overall increase of 318% over the years.

What is the median guideline value in Chennerkuppam?

The median guideline value for streets in Chennerkuppam is Rs 1,540 per sq.ft, with Thiruverkkadu Road's 2024 figure being above this median.

What are the stamp duty and registration fees for a property in Thiruverkkadu Road?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,88,100, calculated based on the guideline value.

Which office handles registrations for Thiruverkkadu Road?

The Kunrathur Sub Registrar Office handles registrations for Thiruverkkadu Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.