Guideline Value for SRI THIRUMALAI NAGAR

Sri Thirumalai Nagar guideline value

The current guideline value of Sri Thirumalai Nagar is Rs 1,005 per sq.ft, effective from 1 July 2024. This street is located in Nelllikuppam village under the Thiruporur SRO, classified as Mixed Type - III.

How the guideline value of Sri Thirumalai Nagar has changed

The guideline value for Sri Thirumalai Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision increased it back to Rs 1,000 per sq.ft, and the most recent 2024 revision has raised it to Rs 1,005 per sq.ft.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023 and by 1% from 2023 to 2024. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 1%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nelllikuppam

Nelllikuppam village has 45 streets under the Thiruporur SRO carrying a 2024 guideline value ranging from Rs 400 to Rs 1,600 per sq.ft, with a median value of Rs 1,000 per sq.ft. The guideline value for Sri Thirumalai Nagar is above this median.

• Sri Mangalambigai Nagar: Rs 670 per sq.ft (2024)
• The Eclave - Harini City: Rs 400 per sq.ft (2024)
• The Enclave Extension: Rs 1,000 per sq.ft (2024)
• Serasa Commercial Zone: Rs 1,500 per sq.ft (2024)
• Vanavil Isai Nila Enclave: Rs 1,200 per sq.ft (2024)
• Vgc- IV: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Thirumalai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,005 per sq.ft, the total guideline value would be Rs 10,05,000. The stamp duty at 7% would amount to Rs 70,350, and the registration fee at 2% would be Rs 20,100, making a total of Rs 90,450. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your specific fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Thirumalai Nagar?

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

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

The guideline value plays a crucial role in property transactions within Nelllikuppam. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value is assessed to calculate the fees, ensuring that the transaction is officially recognized by the government. It is essential for both parties to understand this value to avoid any legal complications in the future.

Frequently asked questions

What is the current guideline value of Sri Thirumalai Nagar?

The current guideline value of Sri Thirumalai Nagar is Rs 1,005 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,005 per sq.ft in 2024.

What are the other streets in Nelllikuppam with their guideline values?

Other streets in Nelllikuppam include Sri Mangalambigai Nagar at Rs 670 per sq.ft, The Eclave - Harini City at Rs 400 per sq.ft, The Enclave Extension at Rs 1,000 per sq.ft, Serasa Commercial Zone at Rs 1,500 per sq.ft, Vanavil Isai Nila Enclave at Rs 1,200 per sq.ft, and Vgc- IV at Rs 1,600 per sq.ft.

What is the registration fee for property in Sri Thirumalai Nagar?

The registration fee for property in Sri Thirumalai Nagar is calculated based on the guideline value. For a property valued at Rs 10,05,000, the registration fee would be Rs 20,100 at 2% of the guideline value.

Where can I find the Sub Registrar Office for Sri Thirumalai Nagar?

The Sub Registrar Office for Sri Thirumalai Nagar is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.