Guideline Value for Thamizhkudimagan Nagar

Thamizhkudimagan Nagar guideline value

The current guideline value of Thamizhkudimagan Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in S. Kullathur village, under the Pallavaram SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Thamizhkudimagan Nagar has changed

The guideline value for Thamizhkudimagan Nagar has seen significant changes over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 500 per sq.ft. This amount increased drastically to Rs 4,000 per sq.ft in 2012, marking a 700% rise. However, in the subsequent revision in 2017, the value dropped to Rs 2,680 per sq.ft, reflecting a decrease of 33%. By 2023, the value rose again to Rs 4,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 4,400 per sq.ft, indicating a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2007 to 2024, it has risen by 780%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, placing Thamizhkudimagan Nagar's 2024 figure above that median.

• Thandu Mariamman Kovil St: Rs 2,200 per sq.ft (2024)
• Tamilkudimagan Nagar 1 To 5 Streets: Rs 4,400 per sq.ft (2024)
• Thiru Nagar: Rs 4,400 per sq.ft (2024)
• Thiru Nagar Extn: Rs 4,400 per sq.ft (2024)
• Unmai Nagar Exten.(Engineers Avenue): Rs 3,300 per sq.ft (2024)
• Vendhan Nagar 1 To 4 Streets: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thamizhkudimagan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to 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 further calculations.

Which Sub Registrar Office covers Thamizhkudimagan Nagar?

The Sub Registrar Office that covers Thamizhkudimagan Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value is a critical factor during property registration in S. Kullathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both the buyer and seller must consider the guideline value, as it may influence negotiations and the final sale price. The registration process will require payment of fees based on this value, making it essential for all parties involved to be aware of the current rates.

Frequently asked questions

What is the current guideline value of Thamizhkudimagan Nagar?

The current guideline value of Thamizhkudimagan Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased significantly from Rs 500 per sq.ft to Rs 4,400 per sq.ft in 2024, representing an overall increase of 780%.

What was the guideline value in 2017?

The guideline value for Thamizhkudimagan Nagar in 2017 was Rs 2,680 per sq.ft.

How does the guideline value compare to other streets in S. Kullathur?

The guideline value of Rs 4,400 per sq.ft for Thamizhkudimagan Nagar is above the median value of Rs 2,750 per sq.ft for the 71 streets in S. Kullathur under the Pallavaram SRO.

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

The Sub Registrar Office for Thamizhkudimagan Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.