Guideline Value for SRI THIRUMALAI NAGAR

Sri Thirumalai Nagar guideline value

The current guideline value of Sri Thirumalai Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Ammambakkam village, under the Oothukkottai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sri Thirumalai Nagar has changed

The guideline value for Sri Thirumalai Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 100 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 67 per sq.ft. The changes from 2017 to 2023 reflect an increase of 49%. Overall, from 2017 to 2024, the guideline value has also increased by 49%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Ammambakkam

Ammambakkam village has 14 streets under the Oothukkottai SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft, with the median being Rs 100 per sq.ft. Sri Thirumalai Nagar's 2024 figure aligns with this median.

• Sri Sai Nagar: Rs 100 per sq.ft (2024)
• Sri Lakshmi Srinivasa Nagar: Rs 100 per sq.ft (2024)
• Sree Balaji Nagar: Rs 100 per sq.ft (2024)
• Sathish Nagar: Rs 100 per sq.ft (2024)
• Sai Nagar - I: Rs 100 per sq.ft (2024)
• Sainagar: Rs 100 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 rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Thirumalai Nagar?

Sri Thirumalai Nagar falls under the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ammambakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures transparency and helps maintain a standard valuation for properties in the area.

Frequently asked questions

What is the current guideline value of Sri Thirumalai Nagar?

The current guideline value of Sri Thirumalai Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023 and 2024, reflecting a 49% increase overall from 2017 to 2024.

What is the land classification for Sri Thirumalai Nagar?

Sri Thirumalai Nagar is classified as Residential Class I Type - I under the Oothukkottai SRO.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Sri Thirumalai Nagar?

The Oothukkottai Sub Registrar Office covers Sri Thirumalai Nagar, located near the government hospital in Uthukottai, 602026, Chennai registration zone.