Guideline Value

Corporate

Guideline Value for THIRUMURTHI NAGAR

₹935/sq.ft.

The guideline value for Thirumurthi Nagar in Vilingiyambakkam village (Avadi SRO, Chennai zone) is Rs 935 per sq.ft, effective 1 July 2024. It was Rs 850 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilingiyambakkam

Village

Avadi

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹935 /sq.ft.
From 1-4-2023 ₹850 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹569 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹850 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Thirumurthi Nagar

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Thirumurthi Nagar guideline value

The current guideline value of Thirumurthi Nagar is Rs 935 per sq.ft, effective from 1 July 2024. This area is located in Vilingiyambakkam village and falls under the Avadi SRO. The land classification for this locality is Residential Class II Type - II.

How the guideline value of Thirumurthi Nagar has changed

The guideline value of Thirumurthi Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 850 per sq.ft, which was then reduced to Rs 569 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 850 per sq.ft, and the most recent 2024 revision has further increased it to Rs 935 per sq.ft. Notably, there are no figures available for this street in the revisions of 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it rose significantly by 49%. The overall change from 2012 to 2024 shows a 10% increase, reflecting the current guideline value of Rs 935 per sq.ft.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value is Rs 935 per sq.ft, which is equal to the current guideline value of Thirumurthi Nagar.

Stamp duty and registration fee for property in Thirumurthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, making the total fees together Rs 84,150. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirumurthi Nagar?

The Sub Registrar Office that covers Thirumurthi Nagar is the Avadi Sub Registrar Office, 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 Vilingiyambakkam

The guideline value is a crucial factor in property transactions in Vilingiyambakkam. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for the transaction. It helps in calculating the legal fees associated with the transfer of ownership and ensures that all parties are aware of the financial obligations involved in the process.

Frequently asked questions

What is the current guideline value of Thirumurthi Nagar?

The current guideline value of Thirumurthi Nagar is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then increased to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification of Thirumurthi Nagar?

The land classification for Thirumurthi Nagar is Residential Class II Type - II.

Where can I find the Sub Registrar Office for Thirumurthi Nagar?

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

How is stamp duty calculated for properties in Thirumurthi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 9,35,000, the stamp duty would be Rs 65,450 at 7%.