Guideline Value for THIRUMAL NAGAR-EGK AVENUE

Thirumal Nagar-Egk Avenue guideline value

The current guideline value of Thirumal Nagar-Egk Avenue is Rs 3,450 per sq.ft, effective from 1 July 2024. This street is located in Agaramthen village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Thirumal Nagar-Egk Avenue has changed

The guideline value for Thirumal Nagar-Egk Avenue has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 3,135 per sq.ft, and it increased to Rs 3,450 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, there were no recorded figures for the aforementioned years. The 2024 revision reflects a significant adjustment in the guideline value, aligning with the current trends in the area.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value in the village is Rs 830 per sq.ft, placing Thirumal Nagar-Egk Avenue's 2024 figure above this median.

• Thirumal Nagar: Rs 2,640 per sq.ft (2024)
• Tiana Sky City: Rs 3,300 per sq.ft (2024)
• Tiana Sky City Extension-I: Rs 3,500 per sq.ft (2024)
• Tiana Sky City Extension II - EGK Street: Rs 2,310 per sq.ft (2024)
• Tiana Sky City Extension -III: Rs 3,450 per sq.ft (2024)
• T.V.Lakshmipathi Street: Rs 830 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumal Nagar-Egk Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,450 per sq.ft, the total guideline value amounts to Rs 34,50,000. The stamp duty at 7% would be Rs 2,41,500, and the registration fee at 2% would be Rs 69,000, making the total fees together Rs 3,10,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumal Nagar-Egk Avenue?

The Sub Registrar Office that covers Thirumal Nagar-Egk Avenue is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Agaramthen. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of property registration.

Frequently asked questions

What is the current guideline value of Thirumal Nagar-Egk Avenue?

The current guideline value of Thirumal Nagar-Egk Avenue is Rs 3,450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thirumal Nagar-Egk Avenue was Rs 3,135 per sq.ft in 2023, which increased to Rs 3,450 per sq.ft in 2024, marking a change of +10%. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 34,50,000, the stamp duty at 7% amounts to Rs 2,41,500, and the registration fee at 2% is Rs 69,000, totaling Rs 3,10,500. The duty is charged on the higher of the guideline value and the sale price.

Where can I find the Sub Registrar Office for Thirumal Nagar-Egk Avenue?

The Sub Registrar Office for Thirumal Nagar-Egk Avenue is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is assessed periodically and can influence the overall transaction costs related to property transfers in Agaramthen.