Guideline Value for Capital Town

Capital Town guideline value

The current guideline value of Capital Town in Thiruvur village, under the Manavalanagar SRO, is Rs 750 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Capital Town has changed

The guideline value for Capital Town has undergone several revisions over the years. In 2012, the guideline value was set at Rs 750 per sq.ft, which then decreased to Rs 502 per sq.ft in 2017. This marked a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 750 per sq.ft in 2023. The current revision in 2024 maintains this value at Rs 750 per sq.ft, showing no change from the previous year.

The register does not contain figures for the years 2002, 2003, and 2007 for this street. Therefore, the guideline values for those years are not available. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 750 per sq.ft.

Guideline values in Thiruvur

In Thiruvur, there are 99 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 1,500 per sq.ft. The median value for these streets is Rs 450 per sq.ft, making Capital Town's 2024 figure of Rs 750 per sq.ft above that median.

• E.V.P.Rajeshwari Nagar: Rs 1,500 per sq.ft (2024)
• Asr ã¿ ã¯ã¨â£â¢: Rs 450 per sq.ft (2024)
• Rajapuram Phase I: Rs 600 per sq.ft (2024)
• Rajapuram Phase II: Rs 600 per sq.ft (2024)
• Ram Nagar: Rs 600 per sq.ft (2024)
• A.D.R.Jai Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Capital Town

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total cost of these fees to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Capital Town?

The Sub Registrar Office that covers Capital Town is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thiruvur, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall costs involved in property transactions. Accurate knowledge of the guideline value ensures that all parties are informed and can plan their finances accordingly.

Frequently asked questions

What is the current guideline value of Capital Town?

The current guideline value of Capital Town in Thiruvur village is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, including a decrease to Rs 502 per sq.ft in 2017 and a return to Rs 750 per sq.ft in 2023. The current value remains the same as the previous year.

What is the land classification for Capital Town?

The land classification for Capital Town is Residential Special Type - I, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for property in Capital Town?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 750 per sq.ft, the total fees would amount to Rs 67,500.

Which Sub Registrar Office handles registrations for Capital Town?

The Manavalanagar Sub Registrar Office handles registrations for Capital Town, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.