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Guideline Value

Corporate

Guideline Value for THIRUMALAI NAGAR ANNEXE 3RD MAIN ROAD CROSS STREET

₹5500/sq.ft.

The guideline value for Thirumalai Nagar Annexe 3rd Main Road Cross Street in Perungudi village (Neelankarai SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iv. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungudi

Village

Neelankarai

SRO

Residential Special Type - IV
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1250 /sq.ft.
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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thirumalai Nagar Annexe 3rd Main Road Cross Street

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Thirumalai Nagar Annexe 3rd Main Road Cross Street guideline value

The current guideline value of Thirumalai Nagar Annexe 3rd Main Road Cross Street is Rs 5,500 per sq.ft. This street is located in Perungudi village and falls under the Neelankarai SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of Thirumalai Nagar Annexe 3rd Main Road Cross Street has changed

The guideline value for Thirumalai Nagar Annexe 3rd Main Road Cross Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,250 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012, marking a 300% rise. However, between 2012 and 2017, the value decreased to Rs 3,350 per sq.ft, representing a decline of 33%.

In the subsequent revisions, the value rose again to Rs 5,000 per sq.ft in 2023, and further increased to Rs 5,500 per sq.ft in the 2024 revision, reflecting a 10% increase. 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 that have a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft, with a median value of Rs 3,300 per sq.ft. Thirumalai Nagar Annexe 3rd Main Road Cross Street's 2024 guideline value is above this median.

Stamp duty and registration fee for property in Thirumalai Nagar Annexe 3rd Main Road Cross Street

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, making the total fees together 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumalai Nagar Annexe 3rd Main Road Cross Street?

The Thirumalai Nagar Annexe 3rd Main Road Cross Street 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 a crucial factor during the registration of property transactions in Perungudi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar Annexe 3rd Main Road Cross Street?

The current guideline value of Thirumalai Nagar Annexe 3rd Main Road Cross Street is Rs 5,500 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,250 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, marking a total increase of 340% over the years.

What is the registration office for Thirumalai Nagar Annexe 3rd Main Road Cross Street?

The Neelankarai Sub Registrar Office covers Thirumalai Nagar Annexe 3rd Main Road Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

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

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 4,95,000.

What is the land classification for Thirumalai Nagar Annexe 3rd Main Road Cross Street?

The land classification for Thirumalai Nagar Annexe 3rd Main Road Cross Street is Residential Special Type - IV, indicating its designated use for residential purposes.