Guideline Value for Thamizh nagar

Thamizh nagar guideline value

The current guideline value of Thamizh nagar is Rs 126 per sq.ft, effective from 1 July 2024. This area is located in Pusivakkam village under the Walajabad SRO and is classified as Residential Class III Type - I.

How the guideline value of Thamizh nagar has changed

The guideline value for Thamizh nagar has seen several revisions over the years. In 2012, the value was Rs 125 per sq.ft, which decreased to Rs 84 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased by 50% to Rs 126 per sq.ft, a figure that remained unchanged in the 2024 revision.

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 increased by just 1%.

Guideline values in Pusivakkam

Pusivakkam village has 22 streets under the Walajabad SRO with a 2024 guideline value ranging from Rs 100 to Rs 598 per sq.ft, where the median value is Rs 150 per sq.ft. The guideline value of Thamizh nagar is below this median.

• Subiksham Nagar Phase-II: Rs 126 per sq.ft (2024)
• Subiksham Nagar: Rs 250 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 126 per sq.ft (2024)
• Sri kamatchi nagar: Rs 100 per sq.ft (2024)
• Sri Chellammal Nagar: Rs 150 per sq.ft (2024)
• Sai Thiya Nagar: Rs 126 per sq.ft (2024)

Stamp duty and registration fee for property in Thamizh nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 126 per sq.ft, the total guideline value would be Rs 1,26,000. The stamp duty at 7% would be Rs 8,820, and the registration fee at 2% would be Rs 2,520, amounting to a total of Rs 11,340. 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 details.

Which Sub Registrar Office covers Thamizh nagar?

The Sub Registrar Office that covers Thamizh 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 Pusivakkam

The guideline value is a critical factor during property registration in Pusivakkam, as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid any legal issues during the transaction process.

When a property is sold, the guideline value serves as a baseline for calculating the applicable fees. It is essential for both parties to understand the guideline value to make informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Thamizh nagar?

The current guideline value of Thamizh nagar is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2012 to Rs 84 per sq.ft in 2017, then increased to Rs 126 per sq.ft in 2023 and remained the same in 2024.

What are the other streets in Pusivakkam with their guideline values?

Other streets in Pusivakkam include Subiksham Nagar Phase-II at Rs 126 per sq.ft, Subiksham Nagar at Rs 250 per sq.ft, and Sri Sai Baba Nagar at Rs 126 per sq.ft, among others.

Where is the Walajabad Sub Registrar Office located?

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

How is stamp duty calculated for properties in Thamizh nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 126 per sq.ft incurs a total of Rs 11,340 in fees.