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Guideline Value

Corporate

Guideline Value for THIRUMALAI NAGAR (CHEN)

₹880/sq.ft.

The guideline value for Thirumalai Nagar (chen) in Sengundram - 1 village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Sengundram - 1

Village

Chengleput Joint II

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Thirumalai Nagar (chen)

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Thirumalai Nagar (Chen) guideline value

The current guideline value for Thirumalai Nagar (Chen) is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Sengundram - 1 village under the Chengleput Joint II SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Thirumalai Nagar (Chen) has changed

The guideline value for Thirumalai Nagar (Chen) has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 800 per sq.ft, which remained unchanged until the 2017 revision when it decreased to Rs 536 per sq.ft. In 2023, the value increased to Rs 800 per sq.ft, and the most recent revision in 2024 raised it to Rs 880 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has seen a 10% increase. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sengundram - 1

Sengundram - 1 village has a total of 126 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 660 to Rs 3,285 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, which is equal to the current guideline value for Thirumalai Nagar (Chen).

Stamp duty and registration fee for property in Thirumalai Nagar (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees together to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumalai Nagar (Chen)?

The Chengleput Joint II Sub Registrar Office covers Thirumalai Nagar (Chen). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value is a crucial factor when registering property transactions in Sengundram - 1. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that these costs are aligned with the current market conditions as determined by the registration department.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. It is essential for buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar (Chen)?

The current guideline value of Thirumalai Nagar (Chen) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then rising to Rs 800 per sq.ft in 2023, and finally reaching Rs 880 per sq.ft in 2024.

What are the other streets in Sengundram - 1 and their guideline values?

Other streets in Sengundram - 1 include Thirumurugan Nagar (Chen) at Rs 880 per sq.ft, Thilakar V O C Nagar (Chen) and Thilakar Street (Chen) both at Rs 660 per sq.ft, Thatchab Avenue (Chen) at Rs 770 per sq.ft, and Thriukatchur Scheme and Thulir both at Rs 1,320 per sq.ft.

How is stamp duty calculated for properties in Thirumalai Nagar (Chen)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 880 per sq.ft, the stamp duty would be Rs 61,600.

Which office handles the registration for Thirumalai Nagar (Chen)?

The Chengleput Joint II Sub Registrar Office handles the registration for Thirumalai Nagar (Chen), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.