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Guideline Value

Corporate

Guideline Value for THIRUMAL NAGAR 1ST AND 2ND CROSS STREET

₹2740/sq.ft.

The guideline value for Thirumal Nagar 1st And 2nd Cross Street in Poonthamallee village (Poonamallee SRO, Chennai zone) is Rs 2740 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Poonthamallee

Village

Poonamallee

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2740 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056
044-26494966
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thirumal Nagar 1st And 2nd Cross Street

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Thirumal Nagar 1st And 2nd Cross Street guideline value

The current guideline value of Thirumal Nagar 1st And 2nd Cross Street is Rs 2,740 per sq.ft, effective from 1 July 2024. This street is located in Poonthamallee village and falls under the Poonamallee SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Thirumal Nagar 1st And 2nd Cross Street has changed

The guideline value for Thirumal Nagar 1st And 2nd Cross Street has undergone several revisions over the years. The earliest available revision is from 2012, where the guideline value was Rs 2,500 per sq.ft. This figure remained the same until the next revision in 2017, when it decreased to Rs 1,675 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 2,500 per sq.ft in 2023, and further rose to Rs 2,740 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, the increase was substantial, with a rise of 49%. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Poonthamallee

In Poonthamallee, there are 257 streets under the Poonamallee SRO with guideline values ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Thirumal Nagar 1st And 2nd Cross Street's 2024 value above this median.

Stamp duty and registration fee for property in Thirumal Nagar 1st And 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,740 per sq.ft, the total guideline value amounts to Rs 27,40,000. The stamp duty at 7% would be Rs 1,91,800, and the registration fee at 2% would be Rs 54,800, bringing the total charges to Rs 2,46,600. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thirumal Nagar 1st And 2nd Cross Street?

The Sub Registrar Office that covers Thirumal Nagar 1st And 2nd Cross Street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. For more information, you can find your SRO.

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

The guideline value is a critical reference for property transactions in Poonthamallee, as it determines the minimum price for which a property can be registered. Buyers and sellers use this value to understand the expected costs associated with property registration.

When registering a property, the guideline value is used to calculate applicable stamp duty and registration fees. These charges are essential for completing the legal transfer of ownership and ensuring that the transaction is properly documented.

Frequently asked questions

What is the current guideline value for Thirumal Nagar 1st And 2nd Cross Street?

The current guideline value for Thirumal Nagar 1st And 2nd Cross Street is Rs 2,740 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,740 per sq.ft in 2024.

What is the stamp duty for a property in Thirumal Nagar 1st And 2nd Cross Street?

The stamp duty for a property in Thirumal Nagar 1st And 2nd Cross Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thirumal Nagar 1st And 2nd Cross Street?

The Sub Registrar Office for Thirumal Nagar 1st And 2nd Cross Street is the Poonamallee Sub Registrar Office located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum price for property registration and to calculate the stamp duty and registration fees. This ensures that property transactions are legally documented and compliant with local regulations.