Guideline Value for SHANTHI NAGAR @ THIRUPATHY NAGAR

Shanthi Nagar @ Thirupathy Nagar guideline value

The current guideline value of Shanthi Nagar @ Thirupathy Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Ariyanvoyal village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Shanthi Nagar @ Thirupathy Nagar has changed

The guideline value for this street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 300 per sq.ft. This was followed by a decrease to Rs 201 per sq.ft in 2017, and then an increase to Rs 300 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 330 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Ariyanvoyal

Ariyanvoyal village has 26 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 880 per sq.ft, with the median being Rs 330 per sq.ft. The guideline value for Shanthi Nagar @ Thirupathy Nagar aligns with this median.

• Shanmugam Nagar: Rs 440 per sq.ft (2024)
• Singaraswami Nagar: Rs 330 per sq.ft (2024)
• Sri Lakshmi Avenue: Rs 330 per sq.ft (2024)
• Sakthivel Nagar: Rs 330 per sq.ft (2024)
• Thangavelpuram: Rs 440 per sq.ft (2024)
• Thirupathy Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Shanthi Nagar @ Thirupathy Nagar

For a 1,000 sq.ft plot at the current rate of Rs 330 per sq.ft, the guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. It's important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Shanthi Nagar @ Thirupathy Nagar?

The Sub Registrar Office that covers Shanthi Nagar @ Thirupathy Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Ariyanvoyal, the guideline value is used to calculate the applicable stamp duty and registration fees.

This value is essential for ensuring that the transaction is legally compliant and that the appropriate taxes are paid. Buyers and sellers should always refer to the latest guideline values to understand their financial obligations during a property transaction.

Frequently asked questions

What is the current guideline value of Shanthi Nagar @ Thirupathy Nagar?

The current guideline value of Shanthi Nagar @ Thirupathy Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the stamp duty for property in Shanthi Nagar @ Thirupathy Nagar?

The stamp duty for property in Shanthi Nagar @ Thirupathy Nagar is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registration for Shanthi Nagar @ Thirupathy Nagar?

The Ponneri Sub Registrar Office handles property registration for Shanthi Nagar @ Thirupathy Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the land classification of Shanthi Nagar @ Thirupathy Nagar?

Shanthi Nagar @ Thirupathy Nagar is classified as Residential Class II Type - I.