Guideline Value for THIRUMOOLAR AVENUE

Thirumoolar Avenue guideline value

The current guideline value of Thirumoolar Avenue is Rs 2,730 per sq.ft, effective from 1 July 2024. This street is located in Vengaivasal village and falls under the Selaiyur SRO. The land classification for this area is Residential Class II Type - IV.

How the guideline value of Thirumoolar Avenue has changed

The guideline value for Thirumoolar Avenue has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 1,675 per sq.ft. This figure increased to Rs 2,501 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 2,730 per sq.ft, which is a 9% increase from the previous year.

Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 63%.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Thirumoolar Avenue's 2024 figure above this median.

• Thirumurugan Nagar: Rs 4,300 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 850 per sq.ft (2024)
• Theshiv Rkj Elite Phase-2: Rs 4,450 per sq.ft (2024)
• Theshiv Rkj Elite: Rs 4,450 per sq.ft (2024)
• Thangam Nagar: Rs 3,200 per sq.ft (2024)
• Tvs Emerald Aaranya: Rs 4,800 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumoolar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,730 per sq.ft, the total guideline value would be Rs 27,30,000. The stamp duty, calculated at 7%, would amount to Rs 1,91,100, while the registration fee at 2% would be Rs 54,600. Therefore, the total amount for stamp duty and registration would be Rs 2,45,700. 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 Thirumoolar Avenue?

The Sub Registrar Office covering Thirumoolar Avenue is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Vengaivasal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a buyer or seller agrees on a sale price, the higher amount between the sale price and the guideline value is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thirumoolar Avenue?

The current guideline value of Thirumoolar Avenue is Rs 2,730 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,730 per sq.ft in 2024, representing an overall increase of 63% over this period.

What are the other streets in Vengaivasal and their guideline values?

Other streets in Vengaivasal include Thirumurugan Nagar at Rs 4,300 per sq.ft, Thiruvalluvar Nagar at Rs 850 per sq.ft, and several others, with values ranging from Rs 850 to Rs 4,800 per sq.ft.

What is the stamp duty for property in Thirumoolar Avenue?

The stamp duty for property in Thirumoolar Avenue is 7% of the guideline value or sale price, whichever is higher. For example, on a 1,000 sq.ft plot, the stamp duty would be Rs 1,91,100.

Where is the Sub Registrar Office located for Thirumoolar Avenue?

The Sub Registrar Office for Thirumoolar Avenue is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.