Guideline Value for THIRUTTANIGAI NAGAR & EXT

Thiruttanigai Nagar & Ext guideline value

The current guideline value of Thiruttanigai Nagar & Ext is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Palliyaraikuppam village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Special Type - III.

How the guideline value of Thiruttanigai Nagar & Ext has changed

The guideline value for Thiruttanigai Nagar & Ext has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which was a decrease of 33% from the 2017 figure of Rs 134 per sq.ft. The value remained unchanged at Rs 200 per sq.ft in the 2023 revision, and it will continue to be Rs 200 per sq.ft in the upcoming 2024 revision, reflecting a 0% change from the previous year. The register has no figure for the years 2002, 2003, and 2007.

From the 2012 revision to the 2024 revision, the overall change is 0%. The most significant change occurred between the 2017 and 2023 revisions, where the guideline value increased by 49%. This indicates that while the value has remained stable in recent years, there have been fluctuations in earlier revisions.

Guideline values in Palliyaraikuppam

Palliyaraikuppam village has a range of guideline values across its streets. The 2024 figures for the village range from Rs 200 to Rs 900 per sq.ft, with a median value of Rs 300 per sq.ft. Thiruttanigai Nagar & Ext's 2024 figure is below this median.

• Sarojammal Nagar: Rs 400 per sq.ft (2024)
• Kumaran Nagar: Rs 400 per sq.ft (2024)
• J.J. Nagar: Rs 400 per sq.ft (2024)
• I.C.F. Nagar & Annex: Rs 200 per sq.ft (2024)
• Gothavari Nagar: Rs 200 per sq.ft (2024)
• Balaji Nagar & Ext: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruttanigai Nagar & Ext

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruttanigai Nagar & Ext?

The Sub Registrar Office that covers Thiruttanigai Nagar & Ext is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Palliyaraikuppam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable duties. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Thiruttanigai Nagar & Ext?

The current guideline value of Thiruttanigai Nagar & Ext is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 200 per sq.ft in 2023 and 2024. The value was Rs 134 per sq.ft in 2017 and Rs 200 per sq.ft in 2012, indicating fluctuations in earlier years.

What is the range of guideline values in Palliyaraikuppam?

The guideline values in Palliyaraikuppam range from Rs 200 to Rs 900 per sq.ft, with a median value of Rs 300 per sq.ft. Thiruttanigai Nagar & Ext's value is below this median.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is set at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Which office handles registrations for Thiruttanigai Nagar & Ext?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Thiruttanigai Nagar & Ext, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.