Guideline Value for THIRUMALAI NAGAR ANNEX II

Thirumalai Nagar Annex II guideline value

The current guideline value for Thirumalai Nagar Annex II is Rs 190 per sq.ft. This area is located in Eagattur village and falls under the Manavalanagar SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Thirumalai Nagar Annex II has changed

The guideline value for Thirumalai Nagar Annex II has undergone several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which then increased to Rs 100 per sq.ft in the 2017 revision. Following this, the value saw a significant rise to Rs 190 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 90%. Overall, from 2012 to 2024, the guideline value has increased by 27%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Eagattur

In Eagattur, there are 31 streets under the Manavalanagar SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 330 per sq.ft. The median value among these streets is Rs 190 per sq.ft, which is equal to the guideline value of Thirumalai Nagar Annex II.

• Thirumalai Nagar IV: Rs 190 per sq.ft (2024)
• Thirumalai Nagar Phase III: Rs 190 per sq.ft (2024)
• Thirumalai Nagar: Rs 190 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 220 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 154 per sq.ft (2024)
• Varadaraja Nagar: Rs 154 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 190 per sq.ft, the guideline value amounts to Rs 1,90,000. The stamp duty at 7% would be Rs 13,300, and the registration fee at 2% would be Rs 3,800, totaling Rs 17,100. 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 further calculations.

Which Sub Registrar Office covers Thirumalai Nagar Annex II?

The Sub Registrar Office covering Thirumalai Nagar Annex II is the Manavalanagar Sub Registrar Office. The office is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Eagattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the authorities will assess the guideline value to ensure that the appropriate fees are collected. This value is important for both buyers and sellers to understand, as it directly impacts the overall cost of the property transaction.

Frequently asked questions

What is the current guideline value for Thirumalai Nagar Annex II?

The current guideline value for Thirumalai Nagar Annex II is Rs 190 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 190 per sq.ft in 2024, with various revisions in between, including a significant increase of 90% from 2017 to 2023.

What is the land classification for Thirumalai Nagar Annex II?

The land classification for Thirumalai Nagar Annex II is Residential Class I Type - II, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Thirumalai Nagar Annex II?

The Sub Registrar Office for Thirumalai Nagar Annex II is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

How is stamp duty calculated for properties in Thirumalai Nagar Annex II?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 190 per sq.ft, the total guideline value would be Rs 1,90,000, leading to a stamp duty of Rs 13,300.