Guideline Value for THIRUVUDAIYAMMAN NAGAR

Thiruvudaiyamman Nagar guideline value

The current guideline value of Thiruvudaiyamman Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Minjur village under the Ponneri SRO and is classified as Residential Class II Type - I.

How the guideline value of Thiruvudaiyamman Nagar has changed

The guideline value for Thiruvudaiyamman Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 335 per sq.ft, which increased to Rs 500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,320 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, which is equal to the current guideline value of Thiruvudaiyamman Nagar.

• Thiruvottiyur High Road: Rs 1,320 per sq.ft (2024)
• T.K.R. Road: Rs 1,320 per sq.ft (2024)
• T.R.Reddiyar Nagar: Rs 440 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 880 per sq.ft (2024)
• Udhaya Nagar: Rs 440 per sq.ft (2024)
• Union Carbide Employees Co Operative Nagar Phase-II: Rs 580 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvudaiyamman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that the 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 Thiruvudaiyamman Nagar?

The Thiruvudaiyamman Nagar area is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Minjur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is compliant with local regulations. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thiruvudaiyamman Nagar?

The current guideline value of Thiruvudaiyamman Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 335 per sq.ft to Rs 550 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty rates for property in Thiruvudaiyamman Nagar?

The stamp duty rate for property transactions in Thiruvudaiyamman Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the land classification of Thiruvudaiyamman Nagar?

Thiruvudaiyamman Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.