Guideline Value for THIRUMALAI NAGAR

Thirumalai Nagar guideline value

The current guideline value of Thirumalai Nagar is Rs 1,190 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village and falls under the Avadi SRO. The land classification for this street is Residential Class II Type - V.

How the guideline value of Thirumalai Nagar has changed

In the 2023 revision, the guideline value was set at Rs 1,100 per sq.ft. This represents a change of +8% to the current 2024 revision figure of Rs 1,190 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, there were no recorded figures for Thirumalai Nagar in the guideline value register for the years mentioned. The only available figures are from the 2023 and 2024 revisions.

Guideline values in Thiruninravur-B

Thiruninravur-B has a total of 374 streets under the Avadi SRO, with guideline values ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value for the area is Rs 770 per sq.ft, making Thirumalai Nagar's 2024 figure of Rs 1,190 per sq.ft above this median.

• Thirumala Nagar: Rs 990 per sq.ft (2024)
• Thirumala Nagar Phase-I: Rs 870 per sq.ft (2024)
• Thirumala Nagar Phase-II: Rs 870 per sq.ft (2024)
• Thirumurugan Nagar Extn: Rs 770 per sq.ft (2024)
• Theruveethiyamman Koil St: Rs 440 per sq.ft (2024)
• Theradi St: Rs 770 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 1,190 per sq.ft, the total guideline value amounts to Rs 11,90,000. The stamp duty at 7% would be Rs 83,300, and the registration fee at 2% would be Rs 23,800, bringing the total to Rs 1,07,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for precise calculations based on your property details.

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-B

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruninravur-B. It serves as the minimum value for which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a property transaction occurs, the guideline value helps determine the applicable stamp duty, which is charged based on the higher of the guideline value or the sale price. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar?

The current guideline value of Thirumalai Nagar is Rs 1,190 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 1,190 per sq.ft in 2024, marking an increase of +8%.

What is the land classification for Thirumalai Nagar?

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

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

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

How is stamp duty calculated for properties in Thirumalai Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 11,90,000 would incur a stamp duty of Rs 83,300 at 7%.