Guideline Value for Theen Murthy Nagar

Theen Murthy Nagar guideline value

The current guideline value of Theen Murthy Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Tondaiarpet village under the Royapuram SRO, classified as Residential Class II Type - I.

How the guideline value of Theen Murthy Nagar has changed

The guideline value for Theen Murthy Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which was a significant increase of 100% to Rs 1,200 per sq.ft in the 2012 revision. However, there was no change in the value from 2012 to 2023, where it remained at Rs 1,200 per sq.ft. The most recent revision in 2024 has increased this value to Rs 1,300 per sq.ft, reflecting an 8% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2017 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 117%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO with a guideline value range for 2024 from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, making the current value of Theen Murthy Nagar below this median.

• Thaskant Street: Rs 1,300 per sq.ft (2024)
• Thideer Nagar: Rs 1,300 per sq.ft (2024)
• Thilagar Nagar: Rs 1,300 per sq.ft (2024)
• Thandiar Nagar 5th Street: Rs 1,300 per sq.ft (2024)
• Thandavarayan meisthry Street: Rs 2,200 per sq.ft (2024)
• Thandair Nagar Main Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Theen Murthy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. 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 Theen Murthy Nagar?

Theen Murthy Nagar is covered by the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Tondaiarpet, as it determines the minimum value at which properties can be registered. When a property is bought or sold, the registration office uses this value to calculate the applicable stamp duty and registration fees.

Frequently asked questions

What is the current guideline value for Theen Murthy Nagar?

The current guideline value for Theen Murthy Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 117% over the years.

What is the registration office for Theen Murthy Nagar?

The registration office for Theen Murthy Nagar is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What are the stamp duty rates for properties in Theen Murthy Nagar?

The stamp duty for properties in Theen Murthy Nagar is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

How is the guideline value determined for properties?

The guideline value is determined by the registration department and is based on various factors, including location and land classification. It is revised periodically to reflect current market conditions.