Guideline Value for THIRUPATHY NAGAR PARANJOTHI STREET

Thirupathy Nagar Paranjothi Street guideline value

The current guideline value for Thirupathy Nagar Paranjothi Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Thirupathy Nagar Paranjothi Street has changed

The guideline value for Thirupathy Nagar Paranjothi Street has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 2,680 per sq.ft. This increased to Rs 4,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, reflecting a further increase of 10% from the previous year. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This consistent rise indicates a notable change in the valuation of properties in this area over the years.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for the village is Rs 3,850 per sq.ft, and Thirupathy Nagar Paranjothi Street's 2024 figure is above this median.

• Thirupathy Nagar Manivasagar Street: Rs 3,850 per sq.ft (2024)
• Thiruppathi Nagar 1st Street: Rs 3,850 per sq.ft (2024)
• Thiruppathi Nagar 2nd Street: Rs 3,850 per sq.ft (2024)
• Thiruppathi Nagar 4th Street: Rs 3,850 per sq.ft (2024)
• Thiruppathi Nagar 5th Street: Rs 3,850 per sq.ft (2024)
• Thiruppathi Nagar 6th Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Thirupathy Nagar Paranjothi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thirupathy Nagar Paranjothi Street?

The Sub Registrar Office that covers Thirupathy Nagar Paranjothi Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Valasaravakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value for Thirupathy Nagar Paranjothi Street?

The current guideline value for Thirupathy Nagar Paranjothi Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,680 per sq.ft in 2017 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 64% over these years.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Thirupathy Nagar Paranjothi Street?

The Virugambakkam Sub Registrar Office handles registrations for Thirupathy Nagar Paranjothi Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the median guideline value in Valasaravakkam?

The median guideline value in Valasaravakkam is Rs 3,850 per sq.ft, with Thirupathy Nagar Paranjothi Street's 2024 figure being above this median.