Guideline Value for THIRUMALA NAGAR

Thirumala Nagar guideline value

The current guideline value of Thirumala Nagar, located in Thiruninravur-B village under the Avadi SRO, is Rs 990 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area is classified as Residential Class I Type - IV.

How the guideline value of Thirumala Nagar has changed

Over the years, the guideline value for Thirumala Nagar has seen several revisions. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 900 per sq.ft, which increased to Rs 990 per sq.ft in the 2024 revision, marking a change of +10%.

This increase reflects the current valuation trends in the area. The 2024 guideline value of Rs 990 per sq.ft is a significant update compared to the previous year's figure.

Guideline values in Thiruninravur-B

Thiruninravur-B village has a total of 374 streets under the Avadi SRO, with guideline values ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, positioning Thirumala Nagar's 2024 figure above this median.

• Thirumala Nagar Phase-I: Rs 870 per sq.ft (2024)
• Thirumala Nagar Phase-II: Rs 870 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

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty, calculated at 7%, would amount to Rs 69,300, while the registration fee at 2% would be Rs 19,800. Together, these fees total Rs 89,100. 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?

The Thirumala Nagar area falls under the jurisdiction of the Avadi Sub Registrar Office. The office is 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 registering property transactions in Thiruninravur-B. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of registration. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value helps establish the minimum price for which the property can be registered. This ensures that the government receives the appropriate taxes based on the property's valuation.

Frequently asked questions

What is the current guideline value of Thirumala Nagar?

The current guideline value of Thirumala Nagar is Rs 990 per sq.ft, as per the 2024 revision 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 900 per sq.ft to Rs 990 per sq.ft, which is a change of +10%.

What is the land classification for Thirumala Nagar?

Thirumala Nagar is classified as Residential Class I Type - IV, indicating its suitability for residential development.

Where can I find the registration office for Thirumala Nagar?

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

How is the stamp duty calculated for properties in Thirumala Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 at a rate of 7%.