Guideline Value for Tirupur Kumuran Street (Ponniamman Medu) (Ward-22)

Tirupur Kumuran Street (Ponniamman Medu) (Ward-22) guideline value

The current guideline value for Tirupur Kumuran Street (Ponniamman Medu) (Ward-22) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Tirupur Kumuran Street (Ponniamman Medu) (Ward-22) has changed

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. However, in the subsequent 2017 revision, it decreased to Rs 804 per sq.ft, reflecting a change of -33%. The most recent revision in 2024 shows an increase to Rs 1,300 per sq.ft, marking a significant rise of +62% from the 2017 figure.

Overall, from 2012 to 2024, the guideline value has seen a modest increase of +8%. It is important to note that there are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value, ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, placing Tirupur Kumuran Street (Ponniamman Medu) below that median.

• Thulasi Nagar, Vinayagapuram (Ward-29): Rs 1,300 per sq.ft (2024)
• Thulasi Nagar: Rs 1,300 per sq.ft (2024)
• T.H. Road (Ward No.20): Rs 3,300 per sq.ft (2024)
• Thoothukudi Velaisamy St (Ward-10): Rs 1,300 per sq.ft (2024)
• Thiyagi Sankarlinganar St, Lakshmipuram (Ward-25): Rs 1,300 per sq.ft (2024)
• T.N.S.C Bank Quarters (Ward-05): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Tirupur Kumuran Street (Ponniamman Medu) (Ward-22)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total cost for these fees Rs 1,17,000. 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 precise calculations.

Which Sub Registrar Office covers Tirupur Kumuran Street (Ponniamman Medu) (Ward-22)?

The Sub Registrar Office that covers Tirupur Kumuran Street (Ponniamman Medu) (Ward-22) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

When buying or selling property in Madhavaram, the guideline value is used as a reference for calculating the stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price of the property.

It is essential for buyers and sellers to be aware of the current guideline value to ensure that they are compliant with the registration requirements and to accurately assess the costs involved in the transaction.

Frequently asked questions

What is the current guideline value for Tirupur Kumuran Street (Ponniamman Medu) (Ward-22)?

The current guideline value for Tirupur Kumuran Street (Ponniamman Medu) (Ward-22) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Tirupur Kumuran Street (Ponniamman Medu) has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then increased to Rs 1,300 per sq.ft in 2024. There are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street.

What is the land classification for this street?

Tirupur Kumuran Street (Ponniamman Medu) (Ward-22) is classified as Residential Class III Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for properties here?

For a property valued at the current guideline value of Rs 1,300 per sq.ft, the stamp duty would be 7% and the registration fee would be 2%. For a 1,000 sq.ft plot, these fees would total Rs 1,17,000.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Tirupur Kumuran Street (Ponniamman Medu) (Ward-22) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more details through the provided link.