Guideline Value

Corporate

Guideline Value for THIRUMOORTHY NAGAR

₹1100/sq.ft.

The guideline value for Thirumoorthy Nagar in Vanagaram village (Chennai South Joint I SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vanagaram

Village

Chennai South Joint I

SRO

Residential Class IV Type - III
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹150 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹130 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thirumoorthy Nagar

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Thirumoorthy Nagar guideline value

The current guideline value of Thirumoorthy Nagar, located in Vanagaram village, is Rs 1,100 per sq.ft. This value is set by the Chennai South Joint I SRO and falls under the Residential Class IV Type - III land classification.

How the guideline value of Thirumoorthy Nagar has changed

The guideline value for Thirumoorthy Nagar has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 130 per sq.ft. In 2003, it increased to Rs 150 per sq.ft, marking a 15% rise. The value then rose significantly to Rs 500 per sq.ft in 2007, reflecting a 233% increase. The 2012 revision saw the value at Rs 1,000 per sq.ft, which was a 100% increase from 2007. However, in 2017, the value dropped to Rs 670 per sq.ft, representing a 33% decrease. The 2023 revision brought the value back up to Rs 1,000 per sq.ft, and the most recent revision in 2024 set it at Rs 1,100 per sq.ft, a 10% increase from the previous year.

There are no figures available for the years between 2002 and 2003, and for the years 2012 to 2017. The overall change from 2002 to 2024 indicates an increase of 746% in the guideline value.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 770 to Rs 5,500 per sq.ft, with a median value of Rs 1,660 per sq.ft. The guideline value for Thirumoorthy Nagar is below this median.

Stamp duty and registration fee for property in Thirumoorthy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total charges Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirumoorthy Nagar?

The Sub Registrar Office covering Thirumoorthy Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a critical role when buying or selling property in Vanagaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with the registration process.

When a property is registered, the guideline value is used to calculate the applicable fees, which can significantly affect the overall cost of the transaction. This ensures that both parties are aware of the financial obligations involved in the property transfer.

Frequently asked questions

What is the current guideline value of Thirumoorthy Nagar?

The current guideline value of Thirumoorthy Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 130 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, representing an overall increase of 746%.

What are the stamp duty and registration fees for properties in Thirumoorthy Nagar?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 99,000, based on the guideline value of Rs 11,00,000.

Which Sub Registrar Office is responsible for Thirumoorthy Nagar?

The Chennai South Joint I Sub Registrar Office is responsible for Thirumoorthy Nagar, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as a benchmark for determining the financial obligations of both buyers and sellers.