Guideline Value for THIRUMALAI NAGAR ANNEXE 1ST MAIN ROAD

Thirumalai Nagar Annexe 1st Main Road guideline value

The current guideline value of Thirumalai Nagar Annexe 1st Main Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village, under the Neelankarai SRO, and is classified as Residential Special Type - IV.

How the guideline value of Thirumalai Nagar Annexe 1st Main Road has changed

The guideline value for Thirumalai Nagar Annexe 1st Main Road has seen several revisions over the years. The earliest available figure is from 2007, where the guideline value was Rs 1,250 per sq.ft. This increased significantly to Rs 5,000 per sq.ft in 2012, marking a 300% rise. However, it then decreased to Rs 3,350 per sq.ft in 2017, reflecting a 33% drop. In 2023, the value rose again to Rs 5,000 per sq.ft, and the latest revision in 2024 has set it at Rs 5,500 per sq.ft, showing a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value is Rs 3,300 per sq.ft, making the guideline value of Thirumalai Nagar Annexe 1st Main Road above that median.

• Thirumalai Nagar Annexe 1st Cross Street: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annexe 2nd Cross Street: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annexe: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annexe 2nd Main Road: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annexe 3rd Cross Street: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annexe 3rd Main Road: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalai Nagar Annexe 1st 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 be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total cost for these fees 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thirumalai Nagar Annexe 1st Main Road?

The Thirumalai Nagar Annexe 1st Main Road is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration process of property transactions in Perungudi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a buyer or seller engages in a property transaction, the guideline value aids in establishing a transparent and fair process. It helps in avoiding disputes related to property valuations and ensures compliance with legal requirements during the registration at the Neelankarai SRO.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar Annexe 1st Main Road?

The current guideline value of Thirumalai Nagar Annexe 1st 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 changed significantly from Rs 1,250 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, showing an overall increase of 340% over this period.

What is the land classification for Thirumalai Nagar Annexe 1st Main Road?

Thirumalai Nagar Annexe 1st Main Road is classified as Residential Special Type - IV.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000 for these fees.

Which office handles property registrations for Thirumalai Nagar Annexe 1st Main Road?

The Neelankarai Sub Registrar Office is responsible for property registrations for Thirumalai Nagar Annexe 1st Main Road, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.