Guideline Value for THOMURARAR NAGAR

Thomurarar Nagar guideline value

The current guideline value of Thomurarar Nagar is Rs 879 per sq.ft, effective from 1 July 2024. This area is located in Periyakuppam village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Special Type - IV.

How the guideline value of Thomurarar Nagar has changed

The guideline value for Thomurarar Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. Following this, the value increased significantly to Rs 800 per sq.ft in 2023, and most recently, it rose to Rs 879 per sq.ft in 2024. The register has no figure for this street for the years 2002, 2003, and 2007.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, followed by a 10% increase from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10% despite the drop observed between 2012 and 2017.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO, with guideline values ranging from Rs 550 to Rs 3,300 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Thomurarar Nagar's 2024 figure below that median.

• Thiru.Vi.Ka.Street: Rs 1,100 per sq.ft (2024)
• T.T.K. Street: Rs 1,100 per sq.ft (2024)
• Vallalar Street: Rs 1,320 per sq.ft (2024)
• Vallal Pari Street: Rs 1,100 per sq.ft (2024)
• Vanjinathan Street: Rs 1,100 per sq.ft (2024)
• Varadha Rajapuram & Varadha Raja Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thomurarar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 879 per sq.ft, the guideline value would be Rs 8,79,000. The stamp duty at 7% would be Rs 61,530, and the registration fee at 2% would be Rs 17,580, making the total Rs 79,110. Please note that 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 details.

Which Sub Registrar Office covers Thomurarar Nagar?

The Sub Registrar Office covering Thomurarar Nagar 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 Periyakuppam

The guideline value is a crucial factor in property transactions, as it determines the minimum price at which a property can be registered. When buying or selling property in Periyakuppam, the guideline value serves as a benchmark for calculating stamp duty and registration fees.

It is important to note that the guideline value may differ from the actual sale price of the property. Buyers and sellers should ensure that they are aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thomurarar Nagar?

The current guideline value of Thomurarar Nagar is Rs 879 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 879 per sq.ft in 2024.

What is the land classification for Thomurarar Nagar?

The land classification for Thomurarar Nagar is Residential Special Type - IV.

Where can I find the Sub Registrar Office for Thomurarar Nagar?

The Sub Registrar Office for Thomurarar Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 879 per sq.ft, the total guideline value would be Rs 8,79,000.