Guideline Value

Corporate

Guideline Value for THIRUMURTHI NAGAR

₹715/sq.ft.

The guideline value for Thirumurthi Nagar in Vellivoyal village (Thiruvottiyur SRO, Chennai zone) is Rs 715 per sq.ft, effective 1 July 2024. It was Rs 650 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vellivoyal

Village

Thiruvottiyur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹715 /sq.ft.
From 1-4-2023 ₹650 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹435 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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

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

Thirumurthi Nagar guideline value

The current guideline value of Thirumurthi Nagar is Rs 715 per sq.ft, effective from 1 July 2024. This area is located in Vellivoyal village under the Thiruvottiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Thirumurthi Nagar has changed

The guideline value for Thirumurthi Nagar has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 435 per sq.ft. This increased to Rs 650 per sq.ft in the 2023 revision, marking a rise of 49%. The latest revision in 2024 has set the value at Rs 715 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vellivoyal

In Vellivoyal village, there are 23 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 715 per sq.ft. The median guideline value for these streets is Rs 440 per sq.ft, placing Thirumurthi Nagar's 2024 figure above this median.

Stamp duty and registration fee for property in Thirumurthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 715 per sq.ft, the total guideline value would be Rs 7,15,000. The stamp duty at 7% would amount to Rs 50,050, while the registration fee at 2% would be Rs 14,300. Together, these fees would total Rs 64,350. It is important to note that duty is charged on the higher of the guideline value and 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 Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Vellivoyal. It is used to determine the stamp duty and registration fees that are applicable during the sale or purchase of a property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value serves as a benchmark for calculating the taxes owed. It is essential to note that the stamp duty is charged on the higher of the guideline value or the sale price, which can affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Thirumurthi Nagar?

The current guideline value of Thirumurthi Nagar is Rs 715 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 435 per sq.ft in 2017 to Rs 650 per sq.ft in 2023, and now to Rs 715 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, a property valued at Rs 7,15,000 would incur a total of Rs 64,350 in fees.

Which Sub Registrar Office is responsible for Thirumurthi Nagar?

The Thiruvottiyur Sub Registrar Office is responsible for Thirumurthi Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the guideline value utilized in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is crucial for buyers and sellers to be aware of the current guideline value to ensure proper compliance with registration requirements.