Guideline Value for Thamarai Nagar

Thamarai Nagar guideline value

The current guideline value of Thamarai Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Molachoor village, under the Sunguvarchattram SRO, and is classified as Residential Special Type - I.

How the guideline value of Thamarai Nagar has changed

Over the years, the guideline value for Thamarai Nagar has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged in the 2023 revision. In the 2017 revision, the value was Rs 536 per sq.ft, reflecting a decrease of 33% from the 2012 figure. The 2024 revision again set the value at Rs 800 per sq.ft, showing no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained the same at Rs 800 per sq.ft, indicating stability in this period. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO, with a 2024 guideline value range from Rs 300 to Rs 2,000 per sq.ft. The median guideline value in this area is Rs 600 per sq.ft, making Thamarai Nagar's 2024 figure of Rs 800 per sq.ft above the median.

• Teachers Avenue: Rs 600 per sq.ft (2024)
• Tank Street: Rs 300 per sq.ft (2024)
• Subramanianswami Kovil Street: Rs 600 per sq.ft (2024)
• St.Joseph Nagar: Rs 605 per sq.ft (2024)
• Thiruvallur Road (Palkara Street To Arinjar Anna Street): Rs 2,000 per sq.ft (2024)
• Thiruvallur Road (Up to Anthaiya Naidu Nagar): Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Thamarai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. 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 details.

Which Sub Registrar Office covers Thamarai Nagar?

The Sub Registrar Office that covers Thamarai Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Molachoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is in line with government regulations.

When buying or selling property, the guideline value helps establish the minimum price at which a property can be sold. This ensures transparency and fairness in property transactions, protecting both buyers and sellers.

Frequently asked questions

What is the current guideline value of Thamarai Nagar?

The current guideline value of Thamarai Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the 2012 figure at Rs 800 per sq.ft, decreasing to Rs 536 per sq.ft in 2017, and then returning to Rs 800 per sq.ft in 2024. The 2023 revision also maintained this value.

What are the guideline values of other streets in Molachoor?

Other streets in Molachoor have varying guideline values, ranging from Rs 300 to Rs 2,000 per sq.ft. For example, Tank Street is at Rs 300 per sq.ft, while Thiruvallur Road (Palkara Street To Arinjar Anna Street) is at Rs 2,000 per sq.ft.

How is stamp duty calculated for properties in Thamarai Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a property valued at Rs 8,00,000, the stamp duty at 7% would be Rs 56,000.

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

The Sub Registrar Office for Thamarai Nagar is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone. You can find more information about your SRO online.