Guideline Value for THIRUTANI NAGAR, YAMUNA STREET

Thirutani Nagar, Yamuna Street guideline value

The current guideline value of Thirutani Nagar, Yamuna Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO, and the land classification is Residential Class I Type - II.

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

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 2,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 3,300 per sq.ft, marking a 32% rise from the previous year. 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%. The significant change from the 2023 to 2024 revision reflects the current valuation trends in the area.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values in 2024 ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for this area is Rs 3,300 per sq.ft, which is the same as the current guideline value for Thirutani Nagar, Yamuna Street.

• Thirutani Nagar, Vaigai Street: Rs 3,300 per sq.ft (2024)
• Thirutani Nagar, Kauvery 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, Yamuna 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 at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirutani Nagar, Yamuna Street?

The Sub Registrar Office covering Thirutani Nagar, Yamuna 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 information.

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

The guideline value is a critical factor during property transactions in Zaminpallavaram. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark to assess the worth of the property. Buyers and sellers should be aware of these values to facilitate a smooth transaction process and comply with legal requirements.

Frequently asked questions

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

The current guideline value of Thirutani Nagar, Yamuna 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 increased from Rs 2,500 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, marking a 32% increase overall. There was no change in the value between 2012 and 2023, where it remained at Rs 2,500 per sq.ft.

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

The land classification for Thirutani Nagar, Yamuna Street is Residential Class I Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For a property valued at Rs 33,00,000, the total fees would be Rs 2,97,000.

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, in the Chengalpattu registration zone.