Guideline Value for THIRUMALAI NAGAR

Thirumalai Nagar guideline value

The current guideline value of Thirumalai Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Thirumalai Nagar has changed

The guideline value for Thirumalai Nagar has seen several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 1,100 per sq.ft, which was an increase from the previous years. The most recent revision in 2024 increased the guideline value to Rs 1,200 per sq.ft, marking a change of +9% from the 2023 figure.

In summary, the guideline value for Thirumalai Nagar was Rs 1,100 per sq.ft in 2023 and has risen to Rs 1,200 per sq.ft in 2024. This increase reflects the adjustments made in the valuation of properties in the area.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft, with a median value of Rs 750 per sq.ft. Thirumalai Nagar's guideline value is above this median.

• Thirumalanagar: Rs 990 per sq.ft (2024)
• Thirumurugan Nagar Extn: Rs 750 per sq.ft (2024)
• Theruveethiyamman Koil St: Rs 440 per sq.ft (2024)
• Theradi St: Rs 750 per sq.ft (2024)
• THIRUVALLUR to CHENNAI HIGH ROAD: Rs 1,760 per sq.ft (2024)
• Thanigaivelan Nagar & Streets: Rs 750 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 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumalai Nagar?

The Sub Registrar Office that covers Thirumalai Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value plays a crucial role during the registration of property transactions in Thiruninravur-A. It serves as a benchmark for determining the minimum value at which a property can be registered, which is essential for calculating stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is documented at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar?

The current guideline value of Thirumalai Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 1,100 per sq.ft in 2023 to Rs 1,200 per sq.ft in 2024, reflecting a change of +9%.

What is the land classification for Thirumalai Nagar?

Thirumalai Nagar is classified as Residential Class II Type - I.

Where is the Sub Registrar Office for Thirumalai Nagar located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the 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, a property valued at Rs 12,00,000 would incur a stamp duty of Rs 84,000.