Guideline Value for DUAL PRIDE CITY

Dual Pride City guideline value

The current guideline value of Dual Pride City, located in Thandalam village under the Thiruporur SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - I.

How the guideline value of Dual Pride City has changed

Over the years, the guideline value for Dual Pride City has seen several revisions. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the value was set at Rs 1,500 per sq.ft, which was then increased to Rs 1,650 per sq.ft in the 2024 revision, marking a change of +10%.

The current guideline value of Rs 1,650 per sq.ft is in line with the median value of Rs 1,650 per sq.ft for the 26 streets in Thandalam that carry a 2024 figure. This indicates that Dual Pride City is positioned within the average range of guideline values for the area.

Guideline values in Thandalam

In Thandalam, there are 26 streets under the Thiruporur SRO that have a 2024 guideline value ranging from Rs 660 to Rs 3,275 per sq.ft. The median value is Rs 1,650 per sq.ft, which is also the current guideline value for Dual Pride City. Below are the guideline values for other streets in Thandalam:

• Dasara Bhoomi: Rs 1,650 per sq.ft (2024)
• Chellammal Nagar: Rs 1,100 per sq.ft (2024)
• Janani's Kandhan Kottam Phase II: Rs 1,980 per sq.ft (2024)
• Jothi Nagar: Rs 1,650 per sq.ft (2024)
• Anandham Nagar Extention: Rs 1,478 per sq.ft (2024)
• Anandham Nagar: Rs 1,478 per sq.ft (2024)

Stamp duty and registration fee for property in Dual Pride City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost together to Rs 1,48,500. 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 further calculations.

Which Sub Registrar Office covers Dual Pride City?

The Sub Registrar Office that covers Dual Pride City is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Thandalam, as it determines the minimum value at which a property can be registered. This value is used by the registration office to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, it is essential to be aware of the current guideline value, as it impacts the overall cost of registration. Buyers should ensure they are informed about the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Dual Pride City?

The current guideline value of Dual Pride City is Rs 1,650 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 2023 to Rs 1,650 per sq.ft in 2024, reflecting a +10% increase. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Thandalam?

The median guideline value in Thandalam is Rs 1,650 per sq.ft, which is the same as the current guideline value for Dual Pride City.

What are the stamp duty and registration fees for property in Dual Pride City?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Dual Pride City located?

The Sub Registrar Office for Dual Pride City is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.