Guideline Value for THIDIR (NAGAR) STREET

Thidir (Nagar) Street guideline value

The current guideline value of Thidir (Nagar) Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Thidir (Nagar) Street has changed

The guideline value for Thidir (Nagar) Street has seen several revisions over the years. In 2002, the value was Rs 435 per sq.ft, which increased to Rs 477 per sq.ft in 2003, marking a 10% rise. The value then rose to Rs 500 per sq.ft in 2007, reflecting a 5% increase. A significant jump occurred in 2012 when the value reached Rs 2,000 per sq.ft, a 300% increase from the previous revision. The value remained unchanged at Rs 2,000 per sq.ft until the 2023 revision, which set it at Rs 2,000 per sq.ft again, with no changes noted.

The latest revision in 2024 saw an increase to Rs 2,200 per sq.ft, which is a 10% rise from 2023. Overall, from 2002 to 2024, the guideline value has increased by 406%.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, placing Thidir (Nagar) Street's 2024 figure below that median.

• Thidir Nagar All Streets (Gandhi Nagar): Rs 2,200 per sq.ft (2024)
• Thilagar Street: Rs 2,700 per sq.ft (2024)
• Thiru Murthy Street: Rs 3,200 per sq.ft (2024)
• Thiruppur Kumaran Street: Rs 3,800 per sq.ft (2024)
• Tamilnadu Slum Clearance Board Colony: Rs 2,200 per sq.ft (2024)
• Tamil Chelvan Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thidir (Nagar) Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty, charged at 7%, amounts to Rs 1,54,000, while the registration fee at 2% is Rs 44,000. The total cost for these fees would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thidir (Nagar) Street?

The Sub Registrar Office that covers Thidir (Nagar) Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the fees reflect the current market conditions as represented by the guideline values.

Frequently asked questions

What is the current guideline value of Thidir (Nagar) Street?

The current guideline value of Thidir (Nagar) Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 435 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, representing an overall increase of 406% over the years.

What are the stamp duty rates applicable in Thidir (Nagar) Street?

The stamp duty rate applicable in Thidir (Nagar) Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thidir (Nagar) Street?

The Sub Registrar Office for Thidir (Nagar) Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Thidir (Nagar) Street?

Thidir (Nagar) Street is classified as Residential Class IV Type - I, which indicates its zoning for residential use.