Guideline Value for SREE THIRUMAAL NAGAR

Sree Thirumaal Nagar guideline value

The current guideline value of Sree Thirumaal Nagar, located in Kondangi village under the Thiruporur SRO, is Rs 400 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Sree Thirumaal Nagar has changed

Over the years, the guideline value of Sree Thirumaal Nagar has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 400 per sq.ft. The 2017 revision recorded a lower value of Rs 268 per sq.ft, marking a decrease of 33% from the previous 2012 figure. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 400 per sq.ft. The overall change from the 2012 revision to the 2024 revision is 0%, as both values are set at Rs 400 per sq.ft.

Guideline values in Kondangi

In Kondangi village, four streets have a 2024 guideline value ranging from Rs 350 to Rs 400 per sq.ft, with a median value of Rs 375 per sq.ft. Sree Thirumaal Nagar's 2024 figure of Rs 400 per sq.ft is above this median.

• Unique Township: Rs 350 per sq.ft (2024)
• Nikathan Paulsn Hill Front: Rs 400 per sq.ft (2024)
• Express Avenue: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Thirumaal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total fees Rs 36,000. 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 Sree Thirumaal Nagar?

The Sub Registrar Office that covers Sree Thirumaal Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, in the Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Kondangi, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is appropriately taxed.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall costs associated with property registration. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Sree Thirumaal Nagar?

The current guideline value of Sree Thirumaal Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since 2012, with a decrease to Rs 268 per sq.ft in 2017, followed by a return to Rs 400 per sq.ft in 2023. The overall change from 2012 to 2024 is 0%.

What are the other streets in Kondangi and their guideline values?

Other streets in Kondangi include Unique Township at Rs 350 per sq.ft, Nikathan Paulsn Hill Front at Rs 400 per sq.ft, and Express Avenue at Rs 350 per sq.ft, all based on the 2024 revision.

How are stamp duty and registration fees calculated in Sree Thirumaal Nagar?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at Rs 400 per sq.ft incurs total fees of Rs 36,000.

Where can I find the Sub Registrar Office for Sree Thirumaal Nagar?

The Sub Registrar Office for Sree Thirumaal Nagar is located at No.29, South Mada Street, Thiruporur-603110. You can find more information about your SRO through the provided link.