Guideline Value for THIRUPATHY NAGAR

Thirupathy Nagar guideline value

The current guideline value of Thirupathy Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Ariyanvoyal village, under the Ponneri Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Thirupathy Nagar has changed

The guideline value for Thirupathy Nagar has undergone several revisions over the years. The earliest recorded revision was in 2012, when the guideline value was Rs 400 per sq.ft. In 2017, it decreased to Rs 268 per sq.ft, marking a decline of 33%. The value then increased to Rs 400 per sq.ft in 2023, followed by a further increase to Rs 440 per sq.ft in the 2024 revision, representing a 10% rise.

From 2012 to 2024, the overall change in guideline value is an increase of 10%. The 2023 revision saw a significant rise of 49% from the 2017 figure. It is important to note that there are no recorded figures for Thirupathy Nagar in the revisions of 2002, 2003, and 2007.

Guideline values in Ariyanvoyal

Ariyanvoyal village has a total of 26 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 880 per sq.ft, with the median value being Rs 330 per sq.ft. Thirupathy Nagar's guideline value of Rs 440 per sq.ft is above this median.

• T.H.Road: Rs 440 per sq.ft (2024)
• Thangavelpuram: Rs 440 per sq.ft (2024)
• Union Carbide Employees Co-Operative Nagar: Rs 600 per sq.ft (2024)
• Sri Lakshmi Avenue: Rs 330 per sq.ft (2024)
• Vignesh Nagar: Rs 330 per sq.ft (2024)
• Singaraswami Nagar: Rs 330 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 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total fees together to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirupathy Nagar?

The Sub Registrar Office that covers Thirupathy Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Ariyanvoyal. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the official rates set by the government. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Thirupathy Nagar?

The current guideline value of Thirupathy Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Thirupathy Nagar?

The land classification for Thirupathy Nagar is Residential Class I Type - I.

Where can I find the Sub Registrar Office for Thirupathy Nagar?

The Sub Registrar Office for Thirupathy Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for property in Thirupathy Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 4,40,000 would incur a stamp duty of Rs 30,800 at 7%.