Guideline Value for THIDIR NAGAR

Thidir Nagar guideline value

The current guideline value of Thidir Nagar, located in Thiruvanmiyur village under the Chennai South Joint I SRO, is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class V Type - III.

How the guideline value of Thidir Nagar has changed

Over the years, the guideline value for Thidir Nagar has seen several revisions. The 2012 revision recorded a value of Rs 3,200 per sq.ft, which decreased to Rs 2,144 per sq.ft in 2017. However, this figure rose significantly to Rs 3,200 per sq.ft in 2023, and the most recent revision in 2024 shows an increase to Rs 3,520 per sq.ft. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%. Then, from 2017 to 2023, there was a substantial increase of 49%. The overall change from 2012 to 2024 reflects a 10% increase, highlighting the fluctuations in the guideline values over the years.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO, with 2024 guideline values ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value for these streets is Rs 9,900 per sq.ft, placing Thidir Nagar's 2024 value below this median.

• Thirumalai Street: Rs 3,520 per sq.ft (2024)
• Thirumudi Vinayagar Koil Street: Rs 3,520 per sq.ft (2024)
• Thirumurugan Street: Rs 11,000 per sq.ft (2024)
• Thangal Butt Road: Rs 3,520 per sq.ft (2024)
• Teachers Colony (Jayaram Nagar): Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 10th Cross Street: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Thidir Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, while the registration fee at 2% would be Rs 70,400, bringing the total fees together to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thidir Nagar?

The Sub Registrar Office that covers Thidir Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is essential for both parties. Buyers should be aware of the guideline value to ensure they are not overpaying, while sellers must consider it to set a competitive price for their property in the market.

Frequently asked questions

What is the current guideline value of Thidir Nagar?

The current guideline value of Thidir Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017, then increased to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024.

What is the land classification of Thidir Nagar?

Thidir Nagar is classified as Residential Class V Type - III, indicating its designation for residential use.

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

The Sub Registrar Office for Thidir Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated in Thidir Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 35,20,000, the stamp duty at 7% would amount to Rs 2,46,400.