Guideline Value for THIRUMURUGAN NAGAR EXTN

Thirumurugan Nagar Extn guideline value

The current guideline value of Thirumurugan Nagar Extn is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village and falls under the Avadi SRO. The land classification for this street is 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 most recent revision in 2024 set the value at Rs 770 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 700 per sq.ft. Prior to that, in 2017, the guideline value was Rs 469 per sq.ft, marking a significant increase of 49% to the 2023 figure. There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The consistent rise in the guideline value reflects the changing landscape and development in the area.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, which is the same as the current value for Thirumurugan Nagar Extn.

• Thirumala Nagar Phase-II: Rs 870 per sq.ft (2024)
• Thirumala Nagar Phase-I: Rs 870 per sq.ft (2024)
• Thirumala Nagar: Rs 990 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,190 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)

Stamp duty and registration fee for property in Thirumurugan Nagar Extn

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value totals Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total Rs 69,300. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumurugan Nagar Extn?

The Sub Registrar Office that covers Thirumurugan Nagar Extn is the Avadi Sub Registrar Office. The address is 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-B

The guideline value is a crucial factor in the registration process of property transactions in Thiruninravur-B. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value according to the current market conditions. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Thirumurugan Nagar Extn?

The current guideline value of Thirumurugan Nagar Extn is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2017 to Rs 770 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for Thirumurugan Nagar Extn?

The land classification for Thirumurugan Nagar Extn is Residential Class II Type - III.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which office handles registrations for Thirumurugan Nagar Extn?

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