Guideline Value for Thideer Nagar Cross Street

Thideer Nagar Cross Street guideline value

The current guideline value of Thideer Nagar Cross Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Vallam village and falls under the Sriperumpudur SRO, classified as Residential Class IV Type - I.

How the guideline value of Thideer Nagar Cross Street has changed

The guideline value for Thideer Nagar Cross Street has undergone several revisions over the years. In 2012, the value was set at Rs 150 per sq.ft. This remained unchanged until the next revision in 2017, where the value decreased to Rs 100 per sq.ft. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 150 per sq.ft. The 2024 revision has kept the guideline value at Rs 150 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Thideer Nagar Cross Street.

Guideline values in Vallam

In Vallam, there are 51 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,950 per sq.ft, with a median value of Rs 200 per sq.ft. Thideer Nagar Cross Street's 2024 figure is below this median.

• Thideer Nagar 1st Street: Rs 200 per sq.ft (2024)
• Thideer Nagar: Rs 200 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 Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty, charged at 7%, would amount to Rs 10,500, and the registration fee, charged at 2%, would be Rs 3,000. Together, the total fees would be Rs 13,500. 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 Cross Street?

The Sub Registrar Office that covers Thideer Nagar Cross 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 is a crucial factor in property transactions in Vallam. It serves as a benchmark for determining the minimum price 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.

During the registration process, the buyer must ensure that the sale price is at least equal to the guideline value. This ensures compliance with local regulations and helps in the accurate assessment of taxes due on the transaction.

Frequently asked questions

What is the current guideline value of Thideer Nagar Cross Street?

The current guideline value of Thideer Nagar Cross Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then back to Rs 150 per sq.ft in 2023 and 2024, showing no overall change from 2012 to 2024.

What is the registration office for Thideer Nagar Cross Street?

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

What are the stamp duty rates for properties in Thideer Nagar Cross Street?

The stamp duty rate for properties in Thideer Nagar Cross Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find more information about guideline values in Vallam?

More information about guideline values in Vallam can be found in the registration department's guideline value register, which lists the values for various streets in the area.