Guideline Value for THIRUMALAI NAGAR

Thirumalai Nagar guideline value

The current guideline value for Thirumalai Nagar is Rs 1,910 per sq.ft, effective from 1 July 2024. This area is located in Udaiyavarkoil village under the Poonamallee SRO, with a land classification of Residential Special Type - II.

How the guideline value of Thirumalai Nagar has changed

Since the 2017 revision, the guideline value for Thirumalai Nagar has remained constant at Rs 1,910 per sq.ft through the 2023 and 2024 revisions. There are no figures available in the register for the years 2002, 2003, 2007, and 2012 for this street.

In summary, the guideline value per sq.ft has not changed from 2017 to 2024, maintaining a consistent rate of Rs 1,910. The overall change in guideline value from 2017 to 2024 is +0%.

Guideline values in Udaiyavarkoil

In Udaiyavarkoil, there are 35 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,400 per sq.ft. The median value is Rs 550 per sq.ft, placing Thirumalai Nagar's 2024 figure above this median.

• Thirupur kumaran street: Rs 550 per sq.ft (2024)
• Thiruvalluvar street: Rs 550 per sq.ft (2024)
• Supreme Avenue: Rs 552 per sq.ft (2024)
• Sri Athivinayagar Avenue 214, 217, 218, 219, 220, 221, 222, 223, 224, 225, 226, 228, 230, 216: Rs 550 per sq.ft (2024)
• V.O.C.street: Rs 550 per sq.ft (2024)
• Shri Padmavathy nagar: Rs 550 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 1,910 per sq.ft, the total guideline value amounts to Rs 19,10,000. The stamp duty at 7% would be Rs 1,33,700, and the registration fee at 2% would be Rs 38,200, bringing the total fees to Rs 1,71,900. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, 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 Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration of property transactions in Udaiyavarkoil. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate taxes from property sales.

When buying or selling property, the guideline value helps establish a baseline for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar?

The current guideline value of Thirumalai Nagar is Rs 1,910 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Thirumalai Nagar has remained constant at Rs 1,910 per sq.ft since the 2017 revision, with no changes recorded in the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

What are the guideline values of other streets in Udaiyavarkoil?

In Udaiyavarkoil, other streets have guideline values ranging from Rs 440 to Rs 3,400 per sq.ft. The median guideline value in the village is Rs 550 per sq.ft, which is below the Thirumalai Nagar guideline value.

What are the fees for property registration in Thirumalai Nagar?

For a property valued at Rs 19,10,000, the stamp duty is Rs 1,33,700 at 7%, and the registration fee is Rs 38,200 at 2%, totaling Rs 1,71,900. These fees are calculated 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 Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.