Guideline Value for THIRU NAGAR

Thiru Nagar guideline value

The current guideline value of Thiru Nagar, located in S. Kullathur village under the Pallavaram Sub Registrar Office, is Rs 4,400 per sq.ft. This value is effective from the 2024 revision, which took effect on 1 July 2024. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Thiru Nagar has changed

The guideline value for Thiru Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, a significant increase from the 2023 revision, which was Rs 2,680 per sq.ft. Notably, there was no change in the value from the 2017 revision, which also recorded Rs 2,680 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, there has been a total increase of 64%. The increase from the 2023 revision to the 2024 revision alone accounts for a 64% rise in the guideline value.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, placing Thiru Nagar's current value above this median.

• Thiru Nagar Extn: Rs 4,400 per sq.ft (2024)
• Thandu Mariamman Kovil St: Rs 2,200 per sq.ft (2024)
• Thamizhkudimagan Nagar: Rs 4,400 per sq.ft (2024)
• Unmai Nagar Exten.(Engineers Avenue): Rs 3,300 per sq.ft (2024)
• Tamilkudimagan Nagar 1 To 5 Streets: Rs 4,400 per sq.ft (2024)
• Vendhan Nagar 1 To 4 Streets: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Thiru Nagar?

The Thiru Nagar area is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value is a crucial factor during the registration of property transactions in S. Kullathur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property in this area.

When a property is registered, the guideline value is used to calculate the fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. This process helps maintain transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Thiru Nagar?

The current guideline value of Thiru Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 64%, going from Rs 2,680 per sq.ft to Rs 4,400 per sq.ft.

What is the land classification for Thiru Nagar?

Thiru Nagar is classified as Commercial Class I Type - II, which indicates its suitability for commercial activities.

Where can I find the registration office for Thiru Nagar?

The registration office for Thiru Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in Thiru Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at a rate of 7%.