Guideline Value for THIRUMALA NAGAR

Thirumala Nagar guideline value

The current guideline value of Thirumala Nagar, located in Erivakkam village under the Gooduvancheri SRO, is Rs 400 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Thirumala Nagar has changed

The guideline value for Thirumala Nagar has remained consistent at Rs 400 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to 2023, the register has no figure for this street for the revisions in 2017, 2012, 2007, 2003, and 2002.

This stability in the guideline value indicates no change from the previous year, with a percentage change of +0% from 2023 to 2024. The consistency suggests a steady valuation for this particular street in the Erivakkam area.

Guideline values in Erivakkam

In Erivakkam, there are 19 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 400 per sq.ft. Thirumala Nagar's 2024 figure aligns perfectly with this median.

• Thiru Balaji Avenue: Rs 300 per sq.ft (2024)
• Sri Saibaba Nagar: Rs 300 per sq.ft (2024)
• Saroja Nagar Phase-I: Rs 250 per sq.ft (2024)
• Sai Lakshmi Township: Rs 500 per sq.ft (2024)
• Purushothaman Nagar: Rs 200 per sq.ft (2024)
• Priyadharshini Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumala Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that 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 Thirumala Nagar?

The Sub Registrar Office that covers Thirumala Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Erivakkam, as it serves as a benchmark for determining the stamp duty and registration fees. When a property is sold or purchased, the guideline value is considered to ensure that the appropriate taxes are paid based on the property's valuation.

It is essential for buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process. The guideline value helps maintain transparency in property transactions and ensures compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Thirumala Nagar?

The current guideline value of Thirumala Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thirumala Nagar has remained at Rs 400 per sq.ft since the 2023 revision. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002.

What are the guideline values of other streets in Erivakkam?

Other streets in Erivakkam have varying guideline values, ranging from Rs 200 to Rs 500 per sq.ft. For example, Thiru Balaji Avenue and Sri Saibaba Nagar are both valued at Rs 300 per sq.ft.

What fees are associated with property registration in Thirumala Nagar?

The fees for property registration in Thirumala Nagar include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Thirumala Nagar located?

The Sub Registrar Office for Thirumala Nagar is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.