Guideline Value for THIRUPATHY NAGAR

Thirupathy Nagar guideline value

The current guideline value of Thirupathy Nagar, located in Kammarajapuram village under the Walajabad SRO, is Rs 126 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Thirupathy Nagar has changed

The guideline value for Thirupathy Nagar has undergone several revisions over the years. The earliest available figure is from 2012, which was Rs 125 per sq.ft. This was followed by a decrease to Rs 84 per sq.ft in 2017, marking a 33% drop. However, from 2017 to 2023, the value saw a significant increase of 50%, bringing it back up to Rs 126 per sq.ft. The 2023 revision maintained this value, showing no change into 2024.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by just 1%, highlighting the stability of the value in recent years.

Guideline values in Kammarajapuram

Kammarajapuram village has four streets under the Walajabad SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 126 per sq.ft. Thirupathy Nagar's 2024 figure of Rs 126 per sq.ft is equal to the median value of the other streets in the village.

• Sri Sivasakthi Nagar Extention: Rs 126 per sq.ft (2024)
• Sri Sivasakthi Nagar: Rs 126 per sq.ft (2024)
• Sri Sathya Sai Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Thirupathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 126 per sq.ft, the total guideline value would be Rs 1,26,000. The stamp duty at 7% would amount to Rs 8,820, and the registration fee at 2% would be Rs 2,520, bringing the total fees to Rs 11,340. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thirupathy Nagar?

The Thirupathy Nagar area is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process of property transactions in Kammarajapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that both the buyer and seller are aware of the financial obligations associated with the transaction. This helps maintain transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thirupathy Nagar?

The current guideline value of Thirupathy Nagar is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent revision in 2024 maintaining the value at Rs 126 per sq.ft, unchanged from 2023. The value increased from Rs 84 per sq.ft in 2017 to Rs 126 per sq.ft in 2023.

What are the stamp duty rates for property in Thirupathy Nagar?

The stamp duty for property transactions in Thirupathy Nagar is charged at 7% of the guideline value or sale price, whichever is higher. For example, on a plot valued at Rs 1,26,000, the stamp duty would be Rs 8,820.

Which Sub Registrar Office should I visit for transactions in Thirupathy Nagar?

The Walajabad Sub Registrar Office covers Thirupathy Nagar. It is located on Sriperumbudur Road, Walajabad-631 605, in the Chengalpattu registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is essential for calculating the stamp duty and registration fees during property transactions. It ensures that all parties are aware of their financial responsibilities and helps maintain transparency in the buying and selling process.