Guideline Value for THIRUMAL NAGAR EXT

Thirumal Nagar Ext guideline value

The current guideline value of Thirumal Nagar Ext is Rs 2,740 per sq.ft, effective from 1 July 2024. This area is located in Poonthamallee village, under the Poonamallee SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thirumal Nagar Ext has changed

The guideline value for Thirumal Nagar Ext has undergone several revisions over the years. In 2012, the guideline value was Rs 2,500 per sq.ft. This figure was then revised to Rs 1,675 per sq.ft in 2017, marking a decrease of 33%. The 2023 revision saw a significant increase to Rs 2,500 per sq.ft, followed by the latest revision in 2024, which raised the value to Rs 2,740 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street in the register.

Guideline values in Poonthamallee

In Poonthamallee, there are 257 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Thirumal Nagar Ext's 2024 figure above this median.

• Thirumal Nagar 6th Cross Street: Rs 2,740 per sq.ft (2024)
• Thirumal Nagar 4th And 5th Cross Street: Rs 2,740 per sq.ft (2024)
• Thirumal Nagar 3rd Cross Street: Rs 2,740 per sq.ft (2024)
• Thirumal Nagar 2nd Main Street: Rs 2,740 per sq.ft (2024)
• Thirumal Nagar First Main Street: Rs 2,740 per sq.ft (2024)
• Thirumal Nagar 1st And 2nd Cross Street: Rs 2,740 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumal Nagar Ext

For a 1,000 sq.ft plot at the current guideline value of Rs 2,740 per sq.ft, the total guideline value is Rs 27,40,000. The stamp duty, charged at 7%, amounts to Rs 1,91,800, while the registration fee at 2% totals Rs 54,800. Therefore, the total cost for stamp duty and registration fee together is 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 the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Thirumal Nagar Ext?

The Sub Registrar Office covering Thirumal Nagar Ext is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Poonthamallee. It is used to determine the stamp duty and registration fees that must be paid when a property is sold or purchased. This value ensures that the government receives its due revenue from property transactions.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thirumal Nagar Ext?

The current guideline value of Thirumal Nagar Ext 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 land classification for Thirumal Nagar Ext?

Thirumal Nagar Ext is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees by using the stamp duty and registration fee calculator.

Which office handles property registrations for Thirumal Nagar Ext?

The Poonamallee Sub Registrar Office handles property registrations for Thirumal Nagar Ext, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.