Guideline Value for THIRUMALAI NAGAR & ANNEX

Thirumalai Nagar & Annex guideline value

The current guideline value for Thirumalai Nagar & Annex is Rs 450 per sq.ft. This area is located in Thozhuvur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this region is Residential Class II Type - II.

How the guideline value of Thirumalai Nagar & Annex has changed

The guideline value for Thirumalai Nagar & Annex has undergone several revisions over the years. The earliest recorded figure is from the 2012 revision, which set the guideline value at Rs 450 per sq.ft. In the subsequent 2017 revision, the value decreased to Rs 301 per sq.ft, representing a decline of 33%. However, the 2023 revision saw a significant increase, bringing the guideline value back to Rs 450 per sq.ft, marking a 50% increase from the 2017 figure.

Overall, from 2012 to 2023, the guideline value has remained unchanged at Rs 450 per sq.ft. The register does not provide figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thozhuvur

Currently, there are no specific village figures provided for Thozhuvur. The Thirumalai Nagar & Annex guideline value sits at Rs 450 per sq.ft. There are no other streets in Thozhuvur listed under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Thirumalai Nagar & Annex

For a 1,000 sq.ft plot at the current rate of Rs 450 per sq.ft, the guideline value amounts to Rs 4,50,000. The stamp duty charged at 7% would be Rs 31,500, and the registration fee at 2% would be Rs 9,000, leading to a total of Rs 40,500. 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 Thirumalai Nagar & Annex?

The Thirumalai Nagar & Annex area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration process when buying or selling property in Thozhuvur. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value helps in calculating the applicable duties. Buyers and sellers should be aware that the duty is charged on the higher of the guideline value or the sale price, which ensures transparency in property transactions.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar & Annex?

The current guideline value of Thirumalai Nagar & Annex is Rs 450 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, and then back to Rs 450 per sq.ft in 2023. This reflects a 50% increase from 2017 to 2023.

What is the stamp duty for property in Thirumalai Nagar & Annex?

The stamp duty for property in Thirumalai Nagar & Annex is charged at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 4,50,000, the stamp duty would be Rs 31,500.

Which Sub Registrar Office handles registrations for this area?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Thirumalai Nagar & Annex. It is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

Is there a guideline value for other streets in Thozhuvur?

No specific figures for other streets in Thozhuvur are provided in the register. The only available guideline value is for Thirumalai Nagar & Annex.