Guideline Value for Thamu Nagar

Thamu Nagar guideline value

The current guideline value of Thamu Nagar, located in Baraniputjur village under the Kunrathur SRO, is Rs 1,210 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Thamu Nagar has changed

Over the years, the guideline value of Thamu Nagar has undergone several revisions. The earliest recorded figure is from 2007, when the guideline value was Rs 250 per sq.ft. This figure saw a significant increase to Rs 1,100 in 2012, marking a rise of 340%. However, it then decreased to Rs 737 in 2017, reflecting a decline of 33%. The value increased again to Rs 1,100 in 2023, and most recently to Rs 1,210 in 2024, which is a 10% increase from the previous year.

From 2017 to 2023, the guideline value rose by 49%. Overall, from 2007 to 2024, the guideline value has increased by 384%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Baraniputjur

In Baraniputjur, there are 39 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,500 per sq.ft. The median guideline value is Rs 1,210 per sq.ft, placing Thamu Nagar's 2024 figure at this median level.

• Theru veedhiyamman Koil Street: Rs 1,210 per sq.ft (2024)
• Surya Avenue Phase - I: Rs 1,870 per sq.ft (2024)
• Subbaraya Nagar: Rs 1,210 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 1,210 per sq.ft (2024)
• Sri Sangeetham Nagar: Rs 1,210 per sq.ft (2024)
• Tvs Emerald Green Enclave: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Thamu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, making the total cost for these fees Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thamu Nagar?

The Sub Registrar Office that covers Thamu Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Baraniputjur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thamu Nagar?

The current guideline value of Thamu Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 250 per sq.ft in 2007 to Rs 1,210 per sq.ft in 2024, reflecting an overall increase of 384% over the years.

What is the land classification of Thamu Nagar?

The land classification for Thamu Nagar is Residential Special Type - II, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for property in Thamu Nagar?

For a property valued at Rs 12,10,000, the stamp duty would be Rs 84,700 and the registration fee would be Rs 24,200, totaling Rs 1,08,900.

Which office handles registrations for Thamu Nagar?

The Kunrathur Sub Registrar Office handles registrations for Thamu Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.