Guideline Value for THIRUMALAI NAGAR ANNEX 2ND MAIN ROAD

Thirumalai Nagar Annex 2nd Main Road guideline value

The current guideline value of Thirumalai Nagar Annex 2nd Main Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This road is located in Seevaram village, under the Neelankarai SRO, and is classified as Residential Special Type - I.

How the guideline value of Thirumalai Nagar Annex 2nd Main Road has changed

The guideline value for Thirumalai Nagar Annex 2nd Main Road has seen several revisions over the years. In 2002, the guideline value was Rs 254 per sq.ft, which increased to Rs 700 per sq.ft in 2003, marking a significant rise of 176%. The value then continued to rise to Rs 1,250 per sq.ft in 2007, a change of 79%. Following this, the value jumped to Rs 5,000 per sq.ft in 2012, reflecting a substantial increase of 300%. However, it decreased to Rs 3,350 per sq.ft in 2017, a drop of 33%. The value then rose again to Rs 5,000 per sq.ft in 2023, and most recently, it reached Rs 5,500 per sq.ft in 2024, representing a 10% increase.

There are no figures available for the years not mentioned in this register for this street. Overall, from 2002 to 2024, the guideline value has increased by 2065%.

Guideline values in Seevaram

In Seevaram, there are 84 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,300 per sq.ft, with a median value of Rs 2,800 per sq.ft. Thirumalai Nagar Annex 2nd Main Road's guideline value of Rs 5,500 per sq.ft is above this median.

• Thirumalai Nagar Annex 2nd Cross Street: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annex 3rd Cross Street: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annex 1st Main Road: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annex 3rd Main Road: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annex 1st Cross Street (As Per Perungudi): Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annex 4th Cross Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalai Nagar Annex 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees together to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirumalai Nagar Annex 2nd Main Road?

The Sub Registrar Office that covers Thirumalai Nagar Annex 2nd Main Road is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, 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 Seevaram

The guideline value is an essential factor in property transactions in Seevaram. It is used to determine the stamp duty and registration fees that need to be paid during the registration process when buying or selling property.

When a property is registered, the guideline value serves as a reference point for calculating the applicable fees. Buyers and sellers should be aware of the current guideline value to ensure they are prepared for the financial obligations associated with property transactions in the area.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar Annex 2nd Main Road?

The current guideline value of Thirumalai Nagar Annex 2nd Main Road is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 254 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, showing a significant rise over the years.

What is the land classification for Thirumalai Nagar Annex 2nd Main Road?

The land classification for Thirumalai Nagar Annex 2nd Main Road is Residential Special Type - I.

Where can I find the Sub Registrar Office for this area?

The Neelankarai Sub Registrar Office covers Thirumalai Nagar Annex 2nd Main Road, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Thirumalai Nagar Annex 2nd Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 at 7%.