Guideline Value for Thanthai Periyar Nagar

Thanthai Periyar Nagar guideline value

The current guideline value of Thanthai Periyar Nagar, located in Irumpuliyur village under the Tambaram Joint 1 SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Thanthai Periyar Nagar has changed

Since the 2012 revision, the guideline value for Thanthai Periyar Nagar has seen several changes. In 2012, the value was Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 2,000 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 2,200 per sq.ft, reflecting a 10% rise from the previous year.

The register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO, with a guideline value range from Rs 880 to Rs 6,600 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which is equal to the current value of Thanthai Periyar Nagar.

• Thilagavathi 2nd Street: Rs 2,530 per sq.ft (2024)
• Thilagavathi Main Road: Rs 2,530 per sq.ft (2024)
• Thilagavathi Nagar: Rs 2,530 per sq.ft (2024)
• Thilagavathi Nagar Extn: Rs 2,530 per sq.ft (2024)
• Thilagavathy Nagar ,(Vijaya Ganapath): Rs 2,200 per sq.ft (2024)
• Tamil Poonga Street: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Thanthai Periyar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 Thanthai Periyar Nagar?

Thanthai Periyar Nagar falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Irumpuliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the value of the property being transacted.

Frequently asked questions

What is the current guideline value of Thanthai Periyar Nagar?

The current guideline value of Thanthai Periyar Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification of Thanthai Periyar Nagar?

Thanthai Periyar Nagar is classified as Residential Special Type - II.

What is the registration office for Thanthai Periyar Nagar?

The registration office for Thanthai Periyar Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in Thanthai Periyar Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.