Guideline Value for THIYAGARAJAPURAM NAGAR

Thiyagarajapuram Nagar guideline value

The current guideline value of Thiyagarajapuram Nagar is Rs 660 per sq.ft, effective from 1 July 2024. This village falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Thiyagarajapuram Nagar has changed

The guideline value for Thiyagarajapuram Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and then to Rs 660 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figures for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thirukkachur - 1

Thirukkachur - 1 has 86 streets under the Chengleput Joint II SRO carrying a 2024 guideline value, ranging from Rs 385 to Rs 3,300 per sq.ft. The median value is Rs 660 per sq.ft, which is equal to the current guideline value for Thiyagarajapuram Nagar.

• Thiyagarajar Street: Rs 550 per sq.ft (2024)
• Thriuvallurvar Street: Rs 550 per sq.ft (2024)
• Tnhb Thirukatchur: Rs 2,200 per sq.ft (2024)
• Transport Avenue: Rs 550 per sq.ft (2024)
• Thirukatchur South: Rs 550 per sq.ft (2024)
• Thirukatchur Periyar Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Thiyagarajapuram Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 6,60,000. The stamp duty at 7% amounts to Rs 46,200, while the registration fee at 2% is Rs 13,200, totaling Rs 59,400. 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 Thiyagarajapuram Nagar?

The Sub Registrar Office that covers Thiyagarajapuram Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thirukkachur - 1

The guideline value is a crucial factor in the registration process of property transactions in Thirukkachur - 1. It serves as a benchmark for determining the stamp duty and registration fees payable during the transfer of property ownership.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. This value is used to calculate the applicable fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thiyagarajapuram Nagar?

The current guideline value of Thiyagarajapuram Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification of Thiyagarajapuram Nagar?

Thiyagarajapuram Nagar is classified as Residential Class I Type - I.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees amount to Rs 59,400.