Guideline Value for THIRAVIYAM CITY

Thiraviyam City guideline value

The current guideline value of Thiraviyam City is Rs 100 per sq.ft, effective from 1 July 2024. This property is located in Kunnathur village under the Madurandakam SRO, classified as Commercial Class I Type - I.

How the guideline value of Thiraviyam City has changed

The guideline value for Thiraviyam City has seen several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2024 revision. The 2017 revision marked a significant increase to Rs 67 per sq.ft, a 49% rise from the previous figure. However, the 2023 revision saw no change, maintaining the value at Rs 100 per sq.ft.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable with a 0% change, despite fluctuations in the intervening years.

Guideline values in Kunnathur

In Kunnathur, there are seven streets under the Madurandakam SRO with 2024 guideline values ranging from Rs 100 to Rs 300 per sq.ft. The median value for these streets is Rs 101 per sq.ft, placing Thiraviyam City below this median.

• T.Nagar: Rs 100 per sq.ft (2024)
• V.V.S.Nagar: Rs 101 per sq.ft (2024)
• Shridi Sai Nagar: Rs 151 per sq.ft (2024)
• Sai Mugundha Garden: Rs 100 per sq.ft (2024)
• Fwt Estates Empire City: Rs 200 per sq.ft (2024)
• T Nagar Phase-I: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiraviyam City

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, bringing the total fees to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thiraviyam City?

The Sub Registrar Office covering Thiraviyam City is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Kunnathur, the guideline value is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

It is crucial for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. This value is also referenced by the registration office to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thiraviyam City?

The current guideline value of Thiraviyam City is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most recent changes showing no increase from 2023 to 2024. The value increased by 49% from 2017 to 2023, while it decreased by 33% from 2012 to 2017.

What are the other guideline values in Kunnathur?

In Kunnathur, other streets have guideline values ranging from Rs 100 to Rs 300 per sq.ft, with the median being Rs 101 per sq.ft. Thiraviyam City's value is below this median.

What fees are associated with property transactions in Thiraviyam City?

When purchasing property in Thiraviyam City, buyers need to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thiraviyam City?

The Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone, covers Thiraviyam City.