Guideline Value for THIRUMAL PURAM

Thirumal Puram guideline value

The current guideline value of Thirumal Puram is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village under the Chengleput Joint II SRO, classified as Residential Special Type - I.

How the guideline value of Thirumal Puram has changed

Since the 2012 revision, the guideline value for Thirumal Puram has remained steady at Rs 600 per sq.ft as of the 2024 revision. The earlier revisions show a significant change, with the 2017 revision at Rs 402 per sq.ft, reflecting a 49% increase by the 2023 revision which maintained the value at Rs 600 per sq.ft.

Notably, there are no figures available in the register for the revisions in 2002, 2003, and 2007. The 2012 revision marked a decrease of 33% from the 2017 figure, but overall, the guideline value from 2012 to 2024 has not changed, remaining at Rs 600 per sq.ft.

Guideline values in Kolathur

In Kolathur, there are 58 streets under the Chengleput Joint II SRO that carry a guideline value for 2024, ranging from Rs 500 to Rs 1,600 per sq.ft, with a median value of Rs 600 per sq.ft. Thirumal Puram's guideline value aligns with this median.

• Swami Nagar: Rs 600 per sq.ft (2024)
• Vaiguntha Nagar: Rs 600 per sq.ft (2024)
• Vasantham Nagar: Rs 600 per sq.ft (2024)
• Veenus Colony Phase -III: Rs 600 per sq.ft (2024)
• Sri Srinivasa Avenue: Rs 600 per sq.ft (2024)
• Srinivasa Palms @ S.P.Kovil -II: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumal Puram

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumal Puram?

The Sub Registrar Office that covers Thirumal Puram is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a critical role in the registration of property transactions in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency in property dealings and ensures that appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Thirumal Puram?

The current guideline value of Thirumal Puram is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2012 to 2024, with a significant increase from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023.

What are the other streets in Kolathur with similar guideline values?

Other streets in Kolathur, such as Swami Nagar, Vaiguntha Nagar, and Vasantham Nagar, also have a guideline value of Rs 600 per sq.ft for 2024.

What is the stamp duty rate for properties in Thirumal Puram?

The stamp duty rate for properties in Thirumal Puram is 7%, calculated on the higher of the guideline value or the sale price.

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

The Sub Registrar Office for Thirumal Puram is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.