Guideline Value for THIDIR NAGAR ALL STREETS (GANDHI NAGAR)

Thidir Nagar All Streets (Gandhi Nagar) guideline value

The current guideline value for Thidir Nagar All Streets (Gandhi Nagar) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village and falls under the Purasaivakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Thidir Nagar All Streets (Gandhi Nagar) has changed

The guideline value for Thidir Nagar All Streets has undergone several revisions over the years. In 2007, the guideline value was set at Rs 500 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 2,000 per sq.ft, marking a 300% increase. The value remained unchanged at Rs 2,000 per sq.ft during the 2023 revision.

The most recent revision in 2024 has increased the guideline value to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, positioning Thidir Nagar All Streets below this median value.

• Thidir (Nagar) Street: 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 All Streets (Gandhi Nagar)

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 at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thidir Nagar All Streets (Gandhi Nagar)?

The Sub Registrar Office that covers Thidir Nagar All Streets (Gandhi Nagar) 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 plays a crucial role during property transactions in Perambur. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. The guideline value is established by the state and is updated periodically based on various factors.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Thidir Nagar All Streets (Gandhi Nagar)?

The current guideline value for Thidir Nagar All Streets (Gandhi Nagar) 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 changed from Rs 500 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 340% over the years.

What is the registration office for Thidir Nagar All Streets (Gandhi Nagar)?

The Purasaivakkam Sub Registrar Office covers Thidir Nagar All Streets, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What are the stamp duty and registration fees for property transactions in Thidir Nagar All Streets?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where can I find more information about the guideline value in Perambur?

More information about the guideline value in Perambur can be found in the Registration Department's guideline value register (TNReginet).