Guideline Value for THIRUMALAY NAGAR

Thirumalay Nagar guideline value

The current guideline value of Thirumalay Nagar is Rs 501 per sq.ft, effective from 1 July 2024. This area is located in Uthiramerur village under the Uthiramerur SRO, classified as Residential Class III Type - II.

How the guideline value of Thirumalay Nagar has changed

The guideline value for Thirumalay Nagar has seen a slight increase from the previous year. In the 2023 revision, the guideline value was Rs 500 per sq.ft, and in the 2024 revision, it is now Rs 501 per sq.ft, reflecting a change of +0%.

Prior to the 2023 revision, the register has no figures for this street from 2017, 2012, 2007, 2003, and 2002. Therefore, the only available figures are from the 2023 and 2024 revisions.

Guideline values in Uthiramerur

In Uthiramerur village, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 800 per sq.ft. Thirumalay Nagar's current guideline value is below this median.

• Thirumalaiyapillai street: Rs 1,200 per sq.ft (2024)
• Thirumalaiyapillai Santhu: Rs 1,200 per sq.ft (2024)
• Thiruvalluvar Stret: Rs 900 per sq.ft (2024)
• Thottakkara Street: Rs 1,500 per sq.ft (2024)
• Thandukkara Street: Rs 1,500 per sq.ft (2024)
• Thandavaraya chetty Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalay Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 501 per sq.ft, the total guideline value would be Rs 5,01,000. The stamp duty at 7% would amount to Rs 35,070, and the registration fee at 2% would be Rs 10,020, making a total of Rs 45,090. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator to estimate your fees.

Which Sub Registrar Office covers Thirumalay Nagar?

The Sub Registrar Office that covers Thirumalay Nagar is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Uthiramerur. It is used to calculate the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value serves as a benchmark for determining the applicable taxes. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Thirumalay Nagar?

The current guideline value of Thirumalay Nagar is Rs 501 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thirumalay Nagar was Rs 500 per sq.ft in 2023 and increased to Rs 501 per sq.ft in 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values of other streets in Uthiramerur?

Other streets in Uthiramerur have varying guideline values, with rates ranging from Rs 200 to Rs 1,800 per sq.ft. For example, Thirumalaiyapillai street and Thirumalaiyapillai Santhu both have a guideline value of Rs 1,200 per sq.ft in 2024.

What is the stamp duty rate in Thirumalay Nagar?

The stamp duty rate in Thirumalay Nagar is 7% of the guideline value or the sale price, whichever is higher. This is applicable during property registration.

Where is the Uthiramerur Sub Registrar Office located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.