Guideline Value for THIRUMALANAGAR

Thirumalanagar guideline value

The current guideline value of Thirumalanagar is Rs 990 per sq.ft, effective from 1 July 2024. This area is part of Thiruninravur-A village, under the Avadi SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thirumalanagar has changed

The guideline value for Thirumalanagar has seen significant changes over the years. The most recent revision in 2024 set the value at Rs 990 per sq.ft, up from Rs 900 per sq.ft in 2023, marking a 10% increase. Prior to that, in 2017, the value was Rs 603 per sq.ft, which reflects a substantial increase of 49% from 2017 to 2023, and an overall increase of 64% from 2017 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The revisions that do have figures are as follows: Rs 603 per sq.ft in 2017, Rs 900 per sq.ft in 2023, and Rs 990 per sq.ft in 2024.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, positioning Thirumalanagar's 2024 figure above that median.

• Thirumurugan Nagar Extn: Rs 750 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,200 per sq.ft (2024)
• THIRUVALLUR to CHENNAI HIGH ROAD: Rs 1,760 per sq.ft (2024)
• Theruveethiyamman Koil St: Rs 440 per sq.ft (2024)
• Theradi St: Rs 750 per sq.ft (2024)
• Thanigaivelan Nagar & Streets: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalanagar

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total cost for these fees to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumalanagar?

The Thirumalanagar area is covered by the Avadi Sub Registrar Office. The office is 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 is a crucial factor during the registration process when buying or selling property in Thiruninravur-A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Thirumalanagar?

The current guideline value of Thirumalanagar is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 603 per sq.ft in 2017 to Rs 900 per sq.ft in 2023, and now to Rs 990 per sq.ft in 2024. This reflects a total increase of 64% from 2017 to 2024.

What is the land classification for Thirumalanagar?

Thirumalanagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would be Rs 89,100.

Where can I find the Sub Registrar Office for Thirumalanagar?

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