Guideline Value for THIYAGI CHINNASWAMY NAGAR

Thiyagi Chinnaswamy Nagar guideline value

The current guideline value of Thiyagi Chinnaswamy Nagar is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in Walajabad village under the Walajabad SRO, classified as Residential Class IV Type - I.

How the guideline value of Thiyagi Chinnaswamy Nagar has changed

The guideline value for Thiyagi Chinnaswamy Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which remained unchanged in the 2017 revision at Rs 502 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased by 49% back to Rs 750 per sq.ft. The most recent revision in 2024 has kept the guideline value stable at Rs 750 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 750 per sq.ft.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with the median value being Rs 750 per sq.ft. Thiyagi Chinnaswamy Nagar's 2024 figure aligns perfectly with this median.

• Thirvengada Bhagavagher Street: Rs 750 per sq.ft (2024)
• Thiruvengata Bagavathar St: Rs 750 per sq.ft (2024)
• Un Named Layout S.No:394/1,2, 395, 396/6a: Rs 1,000 per sq.ft (2024)
• Vaanuvar St: Rs 750 per sq.ft (2024)
• Vadakku Puthu St: Rs 750 per sq.ft (2024)
• Vadivel Nadar Nagar: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Thiyagi Chinnaswamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total fees to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thiyagi Chinnaswamy Nagar?

The Sub Registrar Office that covers Thiyagi Chinnaswamy Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial reference point during property transactions in Walajabad. It determines the minimum value at which properties can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in establishing a baseline for negotiations. It is vital for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Thiyagi Chinnaswamy Nagar?

The current guideline value of Thiyagi Chinnaswamy Nagar is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 750 per sq.ft for the years 2012, 2023, and 2024, while it was Rs 502 per sq.ft in 2017. There were no figures available for the revisions in 2002, 2003, and 2007.

What are the stamp duty and registration fees in Thiyagi Chinnaswamy Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 67,500.

Where is the Sub Registrar Office for Thiyagi Chinnaswamy Nagar located?

The Sub Registrar Office for Thiyagi Chinnaswamy Nagar is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

What is the land classification of Thiyagi Chinnaswamy Nagar?

Thiyagi Chinnaswamy Nagar is classified as Residential Class IV Type - I.