Guideline Value for THIRUVUDAIAMMAN NAGAR

Thiruvudaiamman Nagar guideline value

The current guideline value of Thiruvudaiamman Nagar, located in Nanthiambakkam village under the Thiruvottiyur SRO, is Rs 330 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Thiruvudaiamman Nagar has changed

The guideline value for Thiruvudaiamman Nagar has seen several revisions over the years. In 2003, the value was Rs 40 per sq.ft, which increased to Rs 50 per sq.ft in 2007. This was a significant rise of 25%. The value then jumped dramatically to Rs 300 per sq.ft in 2012, marking a 500% increase. However, between 2012 and 2017, the value decreased to Rs 201 per sq.ft, a decline of 33%. The value then rose again to Rs 300 per sq.ft in 2023, followed by a further increase to Rs 330 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2003 to 2024, the guideline value has increased by 725%. The register has no figure for the year 2002 for this street.

Guideline values in Nanthiambakkam

In Nanthiambakkam, there are 85 streets under the Thiruvottiyur SRO carrying a 2024 guideline value, ranging from Rs 275 to Rs 770 per sq.ft. The median value is Rs 330 per sq.ft, which is equal to the guideline value of Thiruvudaiamman Nagar.

• Thiruveethiamman Koil Street: Rs 330 per sq.ft (2024)
• Thuyarankatha Vinayagar Koil Str Eet: Rs 330 per sq.ft (2024)
• Vadiudaiamman Nagar: Rs 330 per sq.ft (2024)
• Vallal Seethagathi Nagar: Rs 330 per sq.ft (2024)
• Vasavi Nagar: Rs 330 per sq.ft (2024)
• Thalaiyari Palayam: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvudaiamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty, calculated at 7%, would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total to Rs 29,700. It is important to 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 Thiruvudaiamman Nagar?

The Thiruvottiyur Sub Registrar Office covers Thiruvudaiamman Nagar. The office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Nanthiambakkam. It determines the minimum price at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiruvudaiamman Nagar?

The current guideline value of Thiruvudaiamman Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 40 per sq.ft in 2003 to Rs 330 per sq.ft in 2024, marking an overall increase of 725% over this period.

What are the stamp duty and registration fees for a property in Thiruvudaiamman Nagar?

For a 1,000 sq.ft plot valued at Rs 3,30,000, the stamp duty would be Rs 23,100 and the registration fee would be Rs 6,600, totaling Rs 29,700.

Which Sub Registrar Office covers Thiruvudaiamman Nagar?

The Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019, covers Thiruvudaiamman Nagar.

What is the land classification of Thiruvudaiamman Nagar?

Thiruvudaiamman Nagar is classified as Residential Special Type - II.