Guideline Value for THIRUMALA NAGAR PHASE-II

Thirumala Nagar Phase-II guideline value

The current guideline value of Thirumala Nagar Phase-II is Rs 870 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village and falls under the Avadi SRO. The land classification for this street is Residential Class II Type - II.

How the guideline value of Thirumala Nagar Phase-II has changed

In the 2023 revision, the guideline value was Rs 800 per sq.ft. The latest revision in 2024 has increased this to Rs 870 per sq.ft, marking a change of +9%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only revisions available for Thirumala Nagar Phase-II are from 2023 and 2024, with the previous years lacking any recorded figures. The increase from 2023 to 2024 reflects the most recent adjustment in the guideline value.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Thirumala Nagar Phase-II's 2024 figure above this median.

• Thirumala Nagar Phase-I: Rs 870 per sq.ft (2024)
• Thirumala Nagar: Rs 990 per sq.ft (2024)
• Thirumurugan Nagar Extn: Rs 770 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,190 per sq.ft (2024)
• THIRUVALLUR to CHENNAI HIGH ROAD: Rs 1,760 per sq.ft (2024)
• Theruveethiyamman Koil St: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumala Nagar Phase-II

For a 1,000 sq.ft plot at the current rate of Rs 870 per sq.ft, the guideline value amounts to Rs 8,70,000. The stamp duty at 7% would be Rs 60,900, and the registration fee at 2% would be Rs 17,400, totaling Rs 78,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumala Nagar Phase-II?

The Sub Registrar Office that covers Thirumala Nagar Phase-II is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value is an important factor when buying or selling property in Thiruninravur-B, as it determines the amount of stamp duty and registration fees payable at the time of registration. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is crucial to refer to the latest guideline value to ensure compliance with the regulations set by the Registration Department. This helps in avoiding any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thirumala Nagar Phase-II?

The current guideline value of Thirumala Nagar Phase-II is Rs 870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value was Rs 800 per sq.ft in 2023 and increased to Rs 870 per sq.ft in 2024, which is a change of +9%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the stamp duty and registration fees for properties in Thirumala Nagar Phase-II?

For a property valued at Rs 8,70,000, the stamp duty at 7% would be Rs 60,900, and the registration fee at 2% would be Rs 17,400, totaling Rs 78,300. These fees are based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Thirumala Nagar Phase-II located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for Thirumala Nagar Phase-II?

The land classification for Thirumala Nagar Phase-II is Residential Class II Type - II, indicating its designation for residential use.