Guideline Value for THIRUMALA AVENUE

Thirumala Avenue guideline value

The current guideline value of Thirumala Avenue is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Thirumazhisai village, under the Poonamallee SRO, and is classified as Residential Class I Type - V.

How the guideline value of Thirumala Avenue has changed

The guideline value register shows no figures for Thirumala Avenue in the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 2,250 per sq.ft, which increased to Rs 2,475 per sq.ft in the 2024 revision, marking a change of +10%.

With the 2024 revision, Thirumala Avenue's guideline value is now above the median value of Rs 1,320 per sq.ft for the 86 streets in Thirumazhisai under the Poonamallee SRO. The current value reflects a significant increase compared to the previous year's figure.

Guideline values in Thirumazhisai

In Thirumazhisai, there are 86 streets under the Poonamallee SRO with a 2024 guideline value ranging from Rs 730 to Rs 3,500 per sq.ft. Thirumala Avenue's guideline value of Rs 2,475 per sq.ft is above the median value of Rs 1,320 per sq.ft.

• T.K.Arumugam Nagar: Rs 1,430 per sq.ft (2024)
• Vaithee Nagar: Rs 1,320 per sq.ft (2024)
• Srivari Nagar: Rs 770 per sq.ft (2024)
• Vasa nagar: Rs 1,100 per sq.ft (2024)
• Veetrirundha perumal koil street: Rs 1,100 per sq.ft (2024)
• Srinivasa nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumala Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value would be Rs 24,75,000. The stamp duty at 7% would amount to Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total fees to Rs 2,22,750. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirumala Avenue?

The Sub Registrar Office that covers Thirumala Avenue is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thirumazhisai, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration office will charge fees based on the guideline value or the sale price, whichever is higher.

When purchasing property, understanding the guideline value helps buyers ensure they are paying a fair price according to the official register. It is advisable for sellers to be aware of the guideline value to set competitive prices that align with market standards.

Frequently asked questions

What is the current guideline value of Thirumala Avenue?

The current guideline value of Thirumala Avenue is Rs 2,475 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 2,250 per sq.ft to Rs 2,475 per sq.ft, which is a change of +10%.

What is the median guideline value in Thirumazhisai?

The median guideline value for the 86 streets in Thirumazhisai under the Poonamallee SRO is Rs 1,320 per sq.ft.

What are the stamp duty and registration fees for buying property in Thirumala Avenue?

The stamp duty is charged at 7%, and the registration fee is charged at 2%. For a property valued at Rs 24,75,000, the total fees would amount to Rs 2,22,750.

Which office handles property registration for Thirumala Avenue?

The Poonamallee Sub Registrar Office handles property registration for Thirumala Avenue, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.