Guideline Value for THIRUTANI NAGAR, VAIGAI STREET

Thirutani Nagar, Vaigai Street guideline value

The current guideline value for Thirutani Nagar, Vaigai Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - II.

How the guideline value of Thirutani Nagar, Vaigai Street has changed

In the 2012 revision, the guideline value was 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 32% rise from the previous year. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 32%. This change reflects the current valuation trends in the area, aligning with the median guideline value for Zaminpallavaram.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value 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, Vaigai Street.

• Thirutani Nagar, Kauvery Street: Rs 3,300 per sq.ft (2024)
• Thirutani Nagar, Yamuna Street: Rs 3,300 per sq.ft (2024)
• Thirutani Nagar 1 To 3 Main Road: 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, Vaigai Street

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 is charged at 7%, which totals Rs 2,31,000, while the registration fee is 2%, amounting to Rs 66,000. Together, the total cost for stamp duty and registration fee would be Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirutani Nagar, Vaigai Street?

The Sub Registrar Office that covers Thirutani Nagar, Vaigai Street is 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 details.

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

The guideline value is a crucial factor in property transactions in Zaminpallavaram. It is used to determine the stamp duty and registration fees payable at the time of registration. Buyers and sellers must be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring that the correct amounts are calculated during the transaction.

Understanding the guideline value helps in budgeting for the additional costs associated with buying or selling property. It is essential for both parties to consider this value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Thirutani Nagar, Vaigai Street?

The current guideline value of Thirutani Nagar, Vaigai Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 2,500 per sq.ft in 2023, and then increased to Rs 3,300 per sq.ft in 2024. This reflects a 32% increase from 2023 to 2024.

What is the land classification for Thirutani Nagar, Vaigai Street?

The land classification for Thirutani Nagar, Vaigai Street is Residential Class I Type - II.

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

The Sub Registrar Office for Thirutani Nagar is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Thirutani Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would amount to Rs 2,31,000.