Guideline Value for THIRUMURUGAN NAGAR

Thirumurugan Nagar guideline value

The current guideline value of Thirumurugan Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024. This area is located in Edayanchavadi village, under the Thiruvottiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Thirumurugan Nagar has changed

The guideline value for Thirumurugan Nagar has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 335 per sq.ft. This figure increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a 199% increase. The guideline value remained the same at Rs 1,000 per sq.ft in the 2023 to 2024 revision, with no percentage change.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to the current 2024 revision, the guideline value has increased by 199%, reaching Rs 1,001 per sq.ft.

Guideline values in Edayanchavadi

In Edayanchavadi, there are 23 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,100 per sq.ft. Thirumurugan Nagar's 2024 figure of Rs 1,001 per sq.ft is equal to the median value for the village. Below are the guideline values for other streets in Edayanchavadi:

• Swami Sadananda Nagar: Rs 1,001 per sq.ft (2024)
• Tulasi Nagar: Rs 1,001 per sq.ft (2024)
• Unnamalai Nagar: Rs 1,001 per sq.ft (2024)
• Sri Ponniyamman Nagar: Rs 1,001 per sq.ft (2024)
• Vetri Nagar: Rs 1,001 per sq.ft (2024)
• Sangeetha Nagar: Rs 1,001 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 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total costs together to Rs 90,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumurugan Nagar?

The Thirumurugan Nagar area is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for further assistance.

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

The guideline value is a critical factor during property registration in Edayanchavadi. It serves as a benchmark for determining the stamp duty and registration fees payable when a property transaction occurs.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thirumurugan Nagar?

The current guideline value of Thirumurugan Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 335 per sq.ft to Rs 1,001 per sq.ft in 2024, reflecting a 199% increase overall.

Are there any years without guideline value figures for Thirumurugan Nagar?

Yes, the register does not provide guideline value figures for the years 2002, 2003, 2007, and 2012 for Thirumurugan Nagar.

What is the stamp duty rate in Thirumurugan Nagar?

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

Where can I find the Thiruvottiyur Sub Registrar Office?

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