Guideline Value for THIRUMALAI NAGAR PHASE III

Thirumalai Nagar Phase III guideline value

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

How the guideline value of Thirumalai Nagar Phase III has changed

According to the guideline value register, there is no figure available for Thirumalai Nagar Phase III for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 190 per sq.ft in the 2023 revision, which has remained unchanged in the 2024 revision.

From the 2023 revision to the 2024 revision, the guideline value saw a change of +0%. The current guideline value of Rs 190 per sq.ft is consistent with the previous year's figure.

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, with a median value of Rs 190 per sq.ft. Thirumalai Nagar Phase III's 2024 figure is equal to this median.

• Thirumalai Nagar IV: 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 Phase III

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 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 Phase III?

The Sub Registrar Office that covers Thirumalai Nagar Phase III is the Manavalanagar Sub Registrar Office, 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 is a crucial factor during property registration in Eagattur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable fees and taxes. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar Phase III?

The current guideline value of Thirumalai Nagar Phase III 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 Phase III has remained Rs 190 per sq.ft from 2023 to 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the registration office for Thirumalai Nagar Phase III?

The registration office for Thirumalai Nagar Phase III is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

How is the stamp duty calculated for properties in Thirumalai Nagar Phase III?

Stamp duty for properties in Thirumalai Nagar Phase III is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total stamp duty would be Rs 13,300.

What other streets in Eagattur have the same guideline value?

Other streets in Eagattur that share the same guideline value of Rs 190 per sq.ft include Thirumalai Nagar IV, Thirumalai Nagar Annex II, and Thirumalai Nagar.