Guideline Value for THIRUMALAI NAGAR

Thirumalai Nagar guideline value

The current guideline value of Thirumalai Nagar in Kaavithandalam village is Rs 200 per sq.ft, effective from the 2024 revision. This area falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Thirumalai Nagar has changed

Over the years, the guideline value of Thirumalai Nagar has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 200 per sq.ft. In the 2017 revision, the value was Rs 134 per sq.ft, indicating a decrease of 33% from the previous figure in 2012. The most recent revision in 2024 has maintained the value at Rs 200 per sq.ft, showing no change from the 2023 revision.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, comparing the values from 2012 to 2024, there has been no change, as the value remains at Rs 200 per sq.ft.

Guideline values in Kaavithandalam

In Kaavithandalam, there are 12 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 134 to Rs 1,500 per sq.ft, with a median value of Rs 400 per sq.ft. Thirumalai Nagar's 2024 figure is below this median.

• THIRUMALAI NAGAR ext1: Rs 200 per sq.ft (2024)
• Venkatesh Nagar: Rs 200 per sq.ft (2024)
• Padma Nagar: Rs 134 per sq.ft (2024)
• Madurai Veeran Nagar: Rs 200 per sq.ft (2024)
• Djn Nagar Extn -1: Rs 600 per sq.ft (2024)
• Anand Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Thirumalai Nagar?

Thirumalai Nagar is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Kaavithandalam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of property transactions. Understanding the guideline value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar?

The current guideline value of Thirumalai Nagar is Rs 200 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since the 2012 revision, with a decrease to Rs 134 per sq.ft in 2017, followed by a return to Rs 200 per sq.ft in 2023 and 2024.

What are the other streets in Kaavithandalam with their guideline values?

Other streets in Kaavithandalam include THIRUMALAI NAGAR ext1, Venkatesh Nagar, Padma Nagar, Madurai Veeran Nagar, Djn Nagar Extn -1, and Anand Nagar, with values ranging from Rs 134 to Rs 600 per sq.ft in 2024.

How is stamp duty calculated for properties in Thirumalai Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 200 per sq.ft, the stamp duty would be Rs 14,000.

Where can I find the Sub Registrar Office for Thirumalai Nagar?

The Chengleput Joint II Sub Registrar Office covers Thirumalai Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the relevant link.