Guideline Value

Corporate

Guideline Value for THIRUMALAI NAGAR

₹300/sq.ft.

The guideline value for Thirumalai Nagar in Kizhnallathur & Melnallathur village (Manavalanagar SRO, Chennai zone) is Rs 300 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kizhnallathur & Melnallathur

Village

Manavalanagar

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹300 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002
044_29595957
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thirumalai Nagar

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Thirumalai Nagar guideline value

The current guideline value of Thirumalai Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under Kizhnallathur & Melnallathur village and is classified as Residential Class I Type - I. The guideline value is set by the Manavalanagar SRO.

How the guideline value of Thirumalai Nagar has changed

The guideline value for Thirumalai Nagar has seen several revisions over the years. From the 2017 revision, which was Rs 201 per sq.ft, the value increased to Rs 300 per sq.ft in 2023 and remained the same in 2024, reflecting a total increase of 49% from 2017 to 2024. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

In the 2023 revision, the guideline value was Rs 300 per sq.ft, showing no change from the previous year. The overall increase from the 2017 revision to the 2024 revision is also 49%, indicating a significant rise in the guideline value over this period.

Guideline values in Kizhnallathur & Melnallathur

In Kizhnallathur & Melnallathur, there are 67 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 1,201 per sq.ft, with a median value of Rs 250 per sq.ft. Thirumalai Nagar's guideline value of Rs 300 per sq.ft is above this median.

Stamp duty and registration fee for property in Thirumalai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that 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 Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kizhnallathur & Melnallathur

The guideline value is a crucial factor in the registration process when buying or selling property in Kizhnallathur & Melnallathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to property transactions.

When a property is registered, the guideline value is compared against the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar?

The current guideline value of Thirumalai Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 201 per sq.ft to Rs 300 per sq.ft in 2023 and remained the same in 2024, representing a total increase of 49% from 2017 to 2024.

What are the guideline values of other streets in Kizhnallathur & Melnallathur?

Other streets in Kizhnallathur & Melnallathur have varying guideline values, ranging from Rs 175 to Rs 1,201 per sq.ft in 2024. The median value for these streets is Rs 250 per sq.ft.

What are the stamp duty and registration fees for properties in Thirumalai Nagar?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Thirumalai Nagar located?

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