Guideline Value for SAI THIRUCHANDUR MURUGAN NAGAR

Sai Thiruchandur Murugan Nagar guideline value

The current guideline value of Sai Thiruchandur Murugan Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Puthakaram village under the Walajabad SRO, classified as Residential Special Type - III.

How the guideline value of Sai Thiruchandur Murugan Nagar has changed

The guideline value for Sai Thiruchandur Murugan Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft. The value then increased by 50% to Rs 250 per sq.ft in the 2023 revision, and has remained the same in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2012 revision to the 2024 revision, the overall change has been 0%. The 2023 to 2024 revision saw no change, maintaining the value at Rs 250 per sq.ft. The changes reflect fluctuations but ultimately show a stable guideline value over the last few years.

Guideline values in Puthakaram

Puthakaram village has a range of guideline values across its 10 streets under the Walajabad SRO, with the 2024 figures ranging from Rs 150 to Rs 300 per sq.ft. The median value is Rs 200 per sq.ft, placing Sai Thiruchandur Murugan Nagar's current value above this median.

• Sri Dakshina Moorthy Nagar: Rs 250 per sq.ft (2024)
• P.J.R Green Lands: Rs 150 per sq.ft (2024)
• Sri Gunnalamman Nagar: Rs 150 per sq.ft (2024)
• SVP garden: Rs 150 per sq.ft (2024)
• Nandhavanam: Rs 200 per sq.ft (2024)
• Indraprastha: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Thiruchandur Murugan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sai Thiruchandur Murugan Nagar?

Sai Thiruchandur Murugan Nagar falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puthakaram. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value serves as a benchmark for the transaction value. Buyers and sellers must be aware of this value to ensure compliance with registration requirements and to accurately calculate the associated fees.

Frequently asked questions

What is the current guideline value of Sai Thiruchandur Murugan Nagar?

The current guideline value of Sai Thiruchandur Murugan Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent change being from Rs 250 per sq.ft in 2023 to Rs 250 per sq.ft in 2024, indicating no change. The value was Rs 167 per sq.ft in 2017 and Rs 250 per sq.ft in 2012.

What is the land classification of Sai Thiruchandur Murugan Nagar?

Sai Thiruchandur Murugan Nagar is classified as Residential Special Type - III, which influences its guideline value.

Where can I find the registration office for Sai Thiruchandur Murugan Nagar?

The registration office for Sai Thiruchandur Murugan Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sai Thiruchandur Murugan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at the guideline value of Rs 250 per sq.ft would incur a stamp duty of Rs 17,500.