Guideline Value for THIRUTANI NAGAR 1 TO 3 MAIN ROAD

Thirutani Nagar 1 To 3 Main Road guideline value

The current guideline value for Thirutani Nagar 1 To 3 Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village and falls under the Pallavaram SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Thirutani Nagar 1 To 3 Main Road has changed

The guideline value for Thirutani Nagar 1 To 3 Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged in the 2023 revision. However, in the 2024 revision, the value increased to Rs 3,300 per sq.ft, marking a significant change of 32% from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, there has been a total increase of 32% in the guideline value.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which is the same as the current value for Thirutani Nagar 1 To 3 Main Road.

• Thirutani Nagar, Kauvery Street: Rs 3,300 per sq.ft (2024)
• Thirutani Nagar, Vaigai Street: Rs 3,300 per sq.ft (2024)
• Thirutani Nagar, Yamuna Street: Rs 3,300 per sq.ft (2024)
• Thiruthani Nagar: Rs 3,300 per sq.ft (2024)
• Thiruppur Kumaran Street (Radha Nagar Main Road Southside): Rs 2,750 per sq.ft (2024)
• Thiruppur Kumaran Street (Near Somasundaram Street): Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Thirutani Nagar 1 To 3 Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Thirutani Nagar 1 To 3 Main Road?

The Thirutani Nagar 1 To 3 Main Road falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Zaminpallavaram. It is used to determine the stamp duty and registration fees applicable at the time of property registration. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations and helps in assessing the financial obligations involved in property transactions.

Frequently asked questions

What is the current guideline value for Thirutani Nagar 1 To 3 Main Road?

The current guideline value for Thirutani Nagar 1 To 3 Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased by 32% from Rs 2,500 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024. There was no change from 2012 to 2023, maintaining the value at Rs 2,500 per sq.ft.

What is the land classification for Thirutani Nagar 1 To 3 Main Road?

The land classification for Thirutani Nagar 1 To 3 Main Road is Residential Class I Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in Thirutani Nagar 1 To 3 Main Road?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Thirutani Nagar 1 To 3 Main Road?

The Pallavaram Sub Registrar Office handles registrations for Thirutani Nagar 1 To 3 Main Road. It is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.