Guideline Value for Thideer Nagar

Thideer Nagar guideline value

The current guideline value of Thideer Nagar, located in Eraiyur village under the Sriperumpudur SRO, is Rs 200 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Thideer Nagar has changed

Since the 2012 revision, the guideline value for Thideer Nagar has remained stable at Rs 200 per sq.ft. The 2017 revision saw an increase to Rs 134 per sq.ft, which marked a significant change of +49% from the previous figure. However, from 2017 to 2023, the value remained unchanged at Rs 200 per sq.ft, and the same applies to the transition from 2023 to 2024, which also shows a change of +0%.

For the years 2002, 2003, and 2007, the register has no figure for this street. Therefore, the only revisions with recorded figures are from 2012, 2017, 2023, and the upcoming 2024 revision.

Guideline values in Eraiyur

In Eraiyur, there are 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 471 per sq.ft, with the median being Rs 200 per sq.ft. Thideer Nagar's 2024 figure aligns exactly with this median.

• Theru veedhiyamman Koil Street: Rs 200 per sq.ft (2024)
• Sumangali Nagar Extn: Rs 350 per sq.ft (2024)
• Sumangali Nagar: Rs 350 per sq.ft (2024)
• Sri Vanmugil Avenue: Rs 300 per sq.ft (2024)
• Vallikattamman Koil Street: Rs 200 per sq.ft (2024)
• Vasanthapuram: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Thideer Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total 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 fees to Rs 18,000. It is important to note that 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?

The Sub Registrar Office that covers Thideer Nagar 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 Eraiyur

The guideline value is a crucial factor in the registration process when buying or selling property in Eraiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Thideer Nagar?

The current guideline value of Thideer Nagar 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 since 2012, with a previous figure of Rs 134 per sq.ft in 2017. The value saw a significant increase of +49% from 2017 to 2023, but has not changed from 2023 to 2024.

What is the land classification for Thideer Nagar?

Thideer Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty rates in Thideer Nagar?

The stamp duty rate in Thideer Nagar is 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 2,00,000 would incur a stamp duty of Rs 14,000.

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

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