Guideline Value for THIRUMAILAI NAGAR

Thirumailai Nagar guideline value

The current guideline value of Thirumailai Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Devanthavakkam village under the Oothukkottai SRO, classified as Residential Class III Type - I.

How the guideline value of Thirumailai Nagar has changed

The guideline value for Thirumailai Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 70 per sq.ft, which increased to Rs 47 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 100 per sq.ft, marking an increase of 113%. The value remained unchanged at Rs 100 per sq.ft from 2023 to 2024.

Overall, from 2012 to 2024, the guideline value has increased by 43%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Devanthavakkam

In Devanthavakkam, there are 12 streets under the Oothukkottai SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 100 per sq.ft, with a median of Rs 100 per sq.ft. Thirumailai Nagar's 2024 figure is equal to this median.

• V.G.P. Thirunagar-Part-I: Rs 100 per sq.ft (2024)
• V.G.P.Thirunagar Part-II: Rs 100 per sq.ft (2024)
• V.G.P.Thirunagar-Part-III: Rs 100 per sq.ft (2024)
• Krishna Nagar: Rs 100 per sq.ft (2024)
• Kalaingar Karunanithi Nagar: Rs 100 per sq.ft (2024)
• Eden Garden: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumailai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be 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, totaling Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirumailai Nagar?

The Sub Registrar Office covering Thirumailai Nagar is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, Chennai 602026. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Devanthavakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in accordance with government regulations. This helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Thirumailai Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 70 per sq.ft in 2012 to Rs 100 per sq.ft in 2024, with significant changes occurring in 2017 and 2023.

What is the land classification for Thirumailai Nagar?

Thirumailai Nagar is classified as Residential Class III Type - I.

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

The Sub Registrar Office for Thirumailai Nagar is located near the government hospital in Uthukottai, Chennai 602026.

How is stamp duty calculated for properties in Thirumailai Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 7,000 based on the guideline value.