Guideline Value for Thanthaiperiyar Nagar

Thanthaiperiyar Nagar guideline value

The current guideline value of Thanthaiperiyar Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Thanthaiperiyar Nagar has changed

The guideline value for Thanthaiperiyar Nagar has remained consistent at Rs 400 per sq.ft since the 2023 revision. Prior to that, in the 2017 revision, the guideline value was Rs 268 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

As for the revisions before 2017, there are no figures available for the years 2002, 2003, 2007, and 2012. Therefore, the overall change from the 2017 revision to the current 2024 revision is also +49%.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO with a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft. The median value for these streets is Rs 600 per sq.ft, which means that Thanthaiperiyar Nagar's 2024 figure is below that median.

• Thattan Medu: Rs 300 per sq.ft (2024)
• Svr Avenue: Rs 1,205 per sq.ft (2024)
• Thiruppur Kumarn Nagar 1st Cross Street: Rs 400 per sq.ft (2024)
• Thiruppur Kumarn Nagar 1st Street: Rs 600 per sq.ft (2024)
• Thiruppur Kumarn Nagar 2nd Cross Street: Rs 400 per sq.ft (2024)
• Thiruppur Kumarn Nagar 2nd Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Thanthaiperiyar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, while the registration fee at 2% would be Rs 8,000, making the total fees Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thanthaiperiyar Nagar?

The Sub Registrar Office that covers Thanthaiperiyar Nagar is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Thirukalukundrem A. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thanthaiperiyar Nagar?

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

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49% to Rs 400 per sq.ft in 2023 and remains the same in 2024.

What other streets are in Thirukalukundrem A?

Other streets in Thirukalukundrem A include Thattan Medu, Svr Avenue, and various streets in Thiruppur Kumarn Nagar, with guideline values ranging from Rs 300 to Rs 1,205 per sq.ft in 2024.

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

The stamp duty is 7% of the guideline value or sale price, and the registration fee is 2%. For a plot valued at Rs 4,00,000, the total fees would be Rs 36,000.

Which office handles property registrations for Thanthaiperiyar Nagar?

The Thirukazhukundram Sub Registrar Office handles property registrations for Thanthaiperiyar Nagar, located at Thiruchengode - 637 211, Chengalpattu registration zone.