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_B 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

The guideline value for Thideer Nagar 1st Street has remained consistent at Rs 200 per sq.ft from the 2023 revision through to the 2024 revision, indicating no change. Prior to this, the 2017 revision set the value at Rs 134 per sq.ft, marking a 49% increase in value from 2017 to 2023.

In summary, the overall change from the 2017 revision to the current 2024 revision is also a 49% increase. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 150 to Rs 1,950 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Thideer Nagar 1st Street is below this median.

• Thideer Nagar: Rs 200 per sq.ft (2024)
• Thideer Nagar Cross Street: Rs 150 per sq.ft (2024)
• Thirumurugan Nagar: Rs 400 per sq.ft (2024)
• Temple Town: Rs 400 per sq.ft (2024)
• Thirumuruga Variyar Nagar: Rs 400 per sq.ft (2024)
• Sri Vishnu Nagar: Rs 150 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 would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost for these fees to Rs 18,000. 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 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_B

The guideline value is a crucial factor in the registration process when buying or selling property in Vallam_B. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs associated with property transactions.

When a property is sold, the guideline value helps determine the official value of the transaction for tax purposes. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to accurately assess the financial implications of their property transactions.

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 the same at Rs 200 per sq.ft from 2023 to 2024. It increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, marking a 49% increase overall from 2017 to 2024.

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

Thideer Nagar 1st Street is classified as Residential Class III Type - I. This classification impacts the guideline value and the types of properties that can be developed in the area.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

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.