Guideline Value for THIRUMAL NAGAR

Thirumal Nagar guideline value

The current guideline value of Thirumal Nagar, located in Agaramthen village under the Tambaram Joint 1 SRO, is Rs 2,640 per sq.ft. This value is effective from 1 July 2024 and is classified as Residential Special Type - V.

How the guideline value of Thirumal Nagar has changed

Over the years, the guideline value for Thirumal Nagar has seen several revisions. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 2,400 per sq.ft, which was then increased to Rs 2,640 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, the last recorded figure was from the 2024 revision. The guideline value has consistently been updated to reflect changes in the area, with the most recent adjustment indicating a significant increase in value.

Guideline values in Agaramthen

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

• Thirumal Nagar-Egk Avenue: Rs 3,450 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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,640 per sq.ft, the total guideline value would be Rs 26,40,000. The stamp duty at 7% would amount to Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, bringing the total cost for these fees to Rs 2,37,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thirumal Nagar?

The Sub Registrar Office that covers Thirumal Nagar 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 plays a crucial role during the property registration process in Agaramthen. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold, ensuring that the transaction is in accordance with government regulations.

When a buyer or seller approaches the registration office, the guideline value is assessed to calculate the applicable fees. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thirumal Nagar?

The current guideline value of Thirumal Nagar is Rs 2,640 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,400 per sq.ft in 2023 to Rs 2,640 per sq.ft in 2024, reflecting a +10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Thirumal Nagar?

Thirumal Nagar is classified as Residential Special Type - V, indicating its designated use for residential purposes.

What are the stamp duty rates for properties in Thirumal Nagar?

The stamp duty rate for properties in Thirumal Nagar is 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable.

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

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