Guideline Value for THIRUMALAI NAGAR(S.NO389/1B3)

Thirumalai Nagar(S.No389/1b3) guideline value

The current guideline value for Thirumalai Nagar(S.No389/1b3) is Rs 250 per sq.ft, effective from 1 July 2024. This property is located in Venmanamputhur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Thirumalai Nagar(S.No389/1b3) has changed

The guideline value for Thirumalai Nagar(S.No389/1b3) has undergone several revisions over the years. In 2012, the value was set at Rs 250 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft, marking a decline of 33%. However, by the 2023 revision, the value had increased to Rs 250 per sq.ft, reflecting a 50% rise since 2017. The current guideline value of Rs 250 per sq.ft was maintained in the 2024 revision, indicating no change from the previous year.

The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 250 per sq.ft.

Guideline values in Venmanamputhur

In Venmanamputhur, there are 54 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Thirumalai Nagar(S.No389/1b3) above this median.

• Thirumurugan Nagar/ Avenue: Rs 200 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 200 per sq.ft (2024)
• T.N.E.B. Nagar: Rs 250 per sq.ft (2024)
• Suriya Nagar: Rs 250 per sq.ft (2024)
• Udaya Deepam Nagar: Rs 200 per sq.ft (2024)
• Udayam Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalai Nagar(S.No389/1b3)

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirumalai Nagar(S.No389/1b3)?

The Thirumalai Nagar(S.No389/1b3) property is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Venmanamputhur. It serves as the basis for calculating stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value helps determine the minimum price at which a property can be sold. This ensures that the transaction is recorded accurately and that the appropriate taxes are applied based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar(S.No389/1b3)?

The current guideline value of Thirumalai Nagar(S.No389/1b3) is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then back to Rs 250 per sq.ft in 2023 and 2024. There are no figures for the years 2002, 2003, and 2007.

What is the land classification of Thirumalai Nagar(S.No389/1b3)?

The land classification for Thirumalai Nagar(S.No389/1b3) is Residential Class II Type - I.

What are the stamp duty and registration fees for this property?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would be Rs 22,500.

Where is the Sub Registrar Office for Thirumalai Nagar(S.No389/1b3)?

The Sub Registrar Office covering Thirumalai Nagar(S.No389/1b3) is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.