Guideline Value for Thamarai Nagar

Thamarai Nagar guideline value

The current guideline value of Thamarai Nagar, located in Thirumullaivoyal village under the Ambattur SRO, is Rs 2,400 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Thamarai Nagar has changed

The guideline value of Thamarai Nagar has seen significant changes over the years. In 2002, the value was Rs 88 per sq.ft, which increased to Rs 110 per sq.ft in 2003, marking a 25% rise. By 2007, the value surged to Rs 400 per sq.ft, reflecting a substantial increase of 264%. The 2012 revision saw a decrease to Rs 2,200 per sq.ft, which was a drop of 450%. In 2017, the value was revised to Rs 1,474 per sq.ft, representing a decline of 33%. The most recent revision in 2024 set the value at Rs 2,400 per sq.ft, an increase of 63% from the 2017 figure.

It is important to note that there is no figure for Thamarai Nagar in the 2023 revision. Overall, from 2002 to 2024, the guideline value has increased by 2,627%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with a 2024 guideline value range from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, which is equal to the current guideline value of Thamarai Nagar.

• Thamarai Nagar 1st Street: Rs 2,400 per sq.ft (2024)
• Thamarai Nagar 2nd Street: Rs 2,400 per sq.ft (2024)
• Thamarai Nagar 3rd Street: Rs 2,400 per sq.ft (2024)
• Thamarai Nagar Extension: Rs 2,400 per sq.ft (2024)
• Thanthai Periyar Nagar (Venkatesan Street): Rs 1,500 per sq.ft (2024)
• Tank Street: Rs 2,400 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 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, making the total cost for these fees Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thamarai Nagar?

The Sub Registrar Office that covers Thamarai Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

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

Frequently asked questions

What is the current guideline value of Thamarai Nagar?

The current guideline value of Thamarai Nagar is Rs 2,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2002?

Since 2002, the guideline value has increased by 2,627%, from Rs 88 per sq.ft to Rs 2,400 per sq.ft in 2024.

What is the land classification for Thamarai Nagar?

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

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

The stamp duty rate for property in Thamarai Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Thamarai Nagar?

The Ambattur Sub Registrar Office handles registrations for Thamarai Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.