Guideline Value for TERAPANTH NAGAR

Terapanth Nagar guideline value

The current guideline value of Terapanth Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Pungathur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Terapanth Nagar has changed

In the 2017 revision, the guideline value was Rs 1,005 per sq.ft. This increased to Rs 1,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. With the latest revision in 2024, the guideline value has further increased to Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year. The overall change from 2017 to 2024 is an increase of 64%.

The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pungathur

In Pungathur, 32 streets under the Tiruvallur Joint 1 SRO have a 2024 guideline value ranging from Rs 550 to Rs 2,500 per sq.ft, with a median value of Rs 1,485 per sq.ft. The guideline value of Terapanth Nagar is above this median.

• Thendadaivada veedhi: Rs 770 per sq.ft (2024)
• Sri Vari Nagar: Rs 1,650 per sq.ft (2024)
• Sri Kanagavalli Thayar Avenue: Rs 1,650 per sq.ft (2024)
• Vadavandai Vada Veedi: Rs 550 per sq.ft (2024)
• Sree Kanakavalli Thayar Nagar: Rs 550 per sq.ft (2024)
• Vasumathi Nagar: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Terapanth Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, while the registration fee at 2% would be Rs 33,000. Together, the total cost for these fees would be Rs 1,48,500. It is important to note that 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 details.

Which Sub Registrar Office covers Terapanth Nagar?

Terapanth Nagar is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Pungathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value ensures that both parties are aware of the minimum value at which the property can be registered. This helps in maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Terapanth Nagar?

The current guideline value of Terapanth Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, representing an overall increase of 64% over this period.

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

Other streets in Pungathur include Thendadaivada veedhi at Rs 770 per sq.ft, Sri Vari Nagar and Sri Kanagavalli Thayar Avenue both at Rs 1,650 per sq.ft, and Vadavandai Vada Veedi and Sree Kanakavalli Thayar Nagar both at Rs 550 per sq.ft, while Vasumathi Nagar is at Rs 2,000 per sq.ft.

What is the stamp duty rate in Terapanth Nagar?

The stamp duty rate in Terapanth Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Terapanth Nagar?

The Sub Registrar Office covering Terapanth Nagar is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO using the provided link.