Guideline Value for THIRUMURUGAN NAGAR

Thirumurugan Nagar guideline value

The current guideline value of Thirumurugan Nagar is Rs 4,300 per sq.ft, effective from 1 July 2024. This area is located in Vengaivasal village under the Selaiyur SRO, classified as Residential Special Type - III.

How the guideline value of Thirumurugan Nagar has changed

The guideline value for Thirumurugan Nagar has seen several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures show that in 2023, the guideline value was Rs 4,030 per sq.ft, which increased by 7% to Rs 4,300 per sq.ft in 2024.

Prior to the 2023 revision, there were no recorded figures for Thirumurugan Nagar in the years mentioned. The increase from 2023 to 2024 marks a notable change in the guideline value for this area.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO with a 2024 guideline value range from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Thirumurugan Nagar's 2024 figure above that median.

• Thirumoolar Avenue: Rs 2,730 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 850 per sq.ft (2024)
• Theshiv Rkj Elite Phase-2: Rs 4,450 per sq.ft (2024)
• Theshiv Rkj Elite: Rs 4,450 per sq.ft (2024)
• Thangam Nagar: Rs 3,200 per sq.ft (2024)
• Tvs Emerald Aaranya: Rs 4,800 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumurugan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value amounts to Rs 43,00,000. The stamp duty at 7% would be Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, totaling Rs 3,87,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Thirumurugan Nagar?

The Thirumurugan Nagar area is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Vengaivasal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these costs are based on the higher of either the guideline value or the sale price of the property.

Frequently asked questions

What is the current guideline value of Thirumurugan Nagar?

The current guideline value of Thirumurugan Nagar is Rs 4,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 7%, from Rs 4,030 per sq.ft to Rs 4,300 per sq.ft.

What is the land classification for Thirumurugan Nagar?

Thirumurugan Nagar is classified as Residential Special Type - III, indicating its designated use for residential purposes.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated in Thirumurugan Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, on a property valued at Rs 43,00,000, the stamp duty at 7% would amount to Rs 3,01,000.