Guideline Value for THIRUMOOLAR NAGAR

Thirumoolar Nagar guideline value

The current guideline value of Thirumoolar Nagar is Rs 1,200 per sq.ft. This area is located in Rathinamangalam village and falls under the Gooduvancheri SRO. The land classification for this street is Commercial Class I Type - I.

How the guideline value of Thirumoolar Nagar has changed

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft, marking a decrease of 33%. However, in the 2023 revision, the guideline value increased significantly to Rs 1,200 per sq.ft, representing a 49% increase from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained constant at Rs 1,200 per sq.ft. The register does not have figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Rathinamangalam

Currently, there are no specific village figures available for Rathinamangalam. Thirumoolar Nagar is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Thirumoolar Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Thirumoolar Nagar?

The Sub Registrar Office that covers Thirumoolar Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is crucial during property transactions in Rathinamangalam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the appropriate taxes are paid during the transaction process.

Frequently asked questions

What is the current guideline value of Thirumoolar Nagar?

The current guideline value of Thirumoolar Nagar is Rs 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, a decrease of 33%. It then increased back to Rs 1,200 per sq.ft in 2023, marking a 49% increase from 2017.

What is the land classification for Thirumoolar Nagar?

The land classification for Thirumoolar Nagar is Commercial Class I Type - I, indicating its suitability for commercial activities.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated for properties in Thirumoolar Nagar?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total of Rs 1,08,000 in fees.