Guideline Value for THIRUMURUGAN NAGAR EXTN

Thirumurugan Nagar Extn guideline value

The current guideline value of Thirumurugan Nagar Extn is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village, under the Avadi SRO, and is classified as Residential Class II Type - III.

How the guideline value of Thirumurugan Nagar Extn has changed

The guideline value for Thirumurugan Nagar Extn has seen several revisions over the years. The earliest recorded figure is from the 2017 revision at Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in the 2023 revision, marking a change of 49%. The most recent revision in 2024 set the guideline value at Rs 750 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 60%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, which is equal to the current guideline value for Thirumurugan Nagar Extn.

• Thirumalanagar: Rs 990 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,200 per sq.ft (2024)
• THIRUVALLUR to CHENNAI HIGH ROAD: Rs 1,760 per sq.ft (2024)
• Theruveethiyamman Koil St: Rs 440 per sq.ft (2024)
• Theradi St: Rs 750 per sq.ft (2024)
• Thiruvengadam Avenue: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumurugan Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total charges to Rs 67,500. 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 detailed calculations.

Which Sub Registrar Office covers Thirumurugan Nagar Extn?

The Thirumurugan Nagar Extn is covered by 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 Thiruninravur-A

The guideline value is a critical factor during the registration of property transactions in Thiruninravur-A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Thirumurugan Nagar Extn?

The current guideline value of Thirumurugan Nagar Extn is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 750 per sq.ft in 2024, marking a total increase of 60% over this period.

What is the stamp duty rate for properties in Thirumurugan Nagar Extn?

The stamp duty rate for properties in Thirumurugan Nagar Extn is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thirumurugan Nagar Extn?

The Avadi Sub Registrar Office covers Thirumurugan Nagar Extn, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What are the other streets with guideline values in Thiruninravur-A?

Other streets in Thiruninravur-A include Thirumalanagar at Rs 990 per sq.ft, Thirumalai Nagar at Rs 1,200 per sq.ft, and Theruveethiyamman Koil St at Rs 440 per sq.ft, among others.