Guideline Value for THIRUMALAI NAGAR IV

Thirumalai Nagar IV guideline value

The current guideline value for Thirumalai Nagar IV is Rs 190 per sq.ft, effective from 1 July 2024. This street is located in Eagattur village under the Manavalanagar SRO, classified as Residential Class I Type - II.

How the guideline value of Thirumalai Nagar IV has changed

The guideline value for Thirumalai Nagar IV has remained consistent in recent revisions. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 190 per sq.ft, which remained the same in the 2024 revision, indicating no percentage change.

Thus, the only revisions available for this street are from 2023 and 2024, both reflecting a guideline value of Rs 190 per sq.ft. This consistency suggests stability in the guideline value for this particular 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 guideline value is Rs 190 per sq.ft, which is equal to Thirumalai Nagar IV's 2024 figure. Below are the guideline values for other streets in Eagattur:

• Thirumalai Nagar Phase III: Rs 190 per sq.ft (2024)
• Thirumalai Nagar Annex II: 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 IV

For a 1,000 sq.ft plot at the current rate of Rs 190 per sq.ft, the guideline value would amount 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirumalai Nagar IV?

The Sub Registrar Office that covers Thirumalai Nagar IV is the Manavalanagar Sub Registrar Office. The address is Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO here.

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

The guideline value is a crucial factor in the registration process for property transactions in Eagattur. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value will be considered alongside the sale price. The higher of the two will be used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar IV?

The current guideline value of Thirumalai Nagar IV is Rs 190 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thirumalai Nagar IV has remained at Rs 190 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Thirumalai Nagar IV?

Thirumalai Nagar IV is classified as Residential Class I Type - II. This classification is important for understanding the type of development and usage permitted in the area.

What are the stamp duty and registration fees for property in Thirumalai Nagar IV?

For a property valued at Rs 1,90,000, the stamp duty would be Rs 13,300, and the registration fee would be Rs 3,800, totaling Rs 17,100. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Thirumalai Nagar IV?

The Manavalanagar Sub Registrar Office handles property registrations for Thirumalai Nagar IV. The office is located on Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.