Guideline Value for Thideer Nagar 1st Street

Thideer Nagar 1st Street guideline value

The current guideline value of Thideer Nagar 1st Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Vallam village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Thideer Nagar 1st Street has changed

Over the years, the guideline value for Thideer Nagar 1st Street has undergone several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, which also recorded Rs 200 per sq.ft. The next revision in 2024 maintained this value at Rs 200 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, and 2007.

Looking further back, the 2017 revision saw a significant increase to Rs 134 per sq.ft, marking a 49% rise from the previous figure of Rs 200 per sq.ft in 2012. However, this value decreased by 33% in the following revision in 2012. Overall, from 2012 to 2024, the guideline value has seen no change, remaining at Rs 200 per sq.ft.

Guideline values in Vallam

In Vallam, 51 streets under the Sriperumpudur SRO have a 2024 guideline value ranging from Rs 150 to Rs 1,950 per sq.ft, with the median value being Rs 200 per sq.ft. Thideer Nagar 1st Street's guideline value aligns with this median at Rs 200 per sq.ft.

• Thideer Nagar: Rs 200 per sq.ft (2024)
• Thideer Nagar Cross Street: Rs 150 per sq.ft (2024)
• Thirumuruga Variyar Nagar: Rs 410 per sq.ft (2024)
• Subhsri Nagar: Rs 200 per sq.ft (2024)
• Sri Vishnu Nagar: Rs 150 per sq.ft (2024)
• Sri Venkatachalapathy Nagar: Rs 410 per sq.ft (2024)

Stamp duty and registration fee for property in Thideer Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. 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 more details.

Which Sub Registrar Office covers Thideer Nagar 1st Street?

The Sub Registrar Office that covers Thideer Nagar 1st Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Vallam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

During the registration process, the buyer must pay stamp duty based on the higher value between the guideline value and the actual sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the property's value in the market.

Frequently asked questions

What is the current guideline value of Thideer Nagar 1st Street?

The current guideline value of Thideer Nagar 1st Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a notable increase of 49% from Rs 134 per sq.ft in 2017.

What is the land classification of Thideer Nagar 1st Street?

Thideer Nagar 1st Street is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Thideer Nagar 1st Street?

The Sub Registrar Office for Thideer Nagar 1st Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for property transactions in Vallam?

Stamp duty is calculated based on the higher value between the guideline value and the actual sale price. For example, for a property valued at Rs 2,00,000, the stamp duty at 7% would be Rs 14,000.