Guideline Value for THIRUMAGAL NAGAR

Thirumagal Nagar guideline value

The current guideline value of Thirumagal Nagar, located in Atanancheri village under the Gooduvancheri SRO, is Rs 700 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Thirumagal Nagar has changed

In the 2012 revision, the guideline value was set at Rs 700 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 469 per sq.ft, marking a decline of 33%. The value then saw a significant increase in the 2023 revision, returning to Rs 700 per sq.ft, and this value has been maintained in the 2024 revision, showing no change from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained constant at Rs 700 per sq.ft. Notably, there are no figures available in the register for the years 2002, 2003, and 2007 for this street.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft, with the median value being Rs 700 per sq.ft. Thirumagal Nagar's 2024 guideline value aligns with this median.

• Thirumagal Nagar (Extn): Rs 700 per sq.ft (2024)
• Thangavel Nagar: Rs 700 per sq.ft (2024)
• Thomas Nagar: Rs 500 per sq.ft (2024)
• United Avenue: Rs 1,050 per sq.ft (2024)
• Subashree Nagar Extension: Rs 1,000 per sq.ft (2024)
• Subashree Nagar: Rs 670 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumagal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirumagal Nagar?

The Sub Registrar Office that covers Thirumagal Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Atanancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling a property, the guideline value is referenced to ensure that the transaction is recorded accurately. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thirumagal Nagar?

The current guideline value of Thirumagal Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft in the 2023 and 2024 revisions. It decreased from Rs 700 to Rs 469 per sq.ft in 2017, and there are no figures for the years 2002, 2003, and 2007.

What is the land classification of Thirumagal Nagar?

Thirumagal Nagar is classified as Residential Special Type - II, indicating its suitability for residential development.

What are the other streets in Atanancheri with their guideline values?

Other streets in Atanancheri include Thirumagal Nagar (Extn) and Thangavel Nagar, both at Rs 700 per sq.ft, as well as Thomas Nagar at Rs 500 per sq.ft, among others.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.