Guideline Value for Thideer Nagar

Thideer Nagar guideline value

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

How the guideline value of Thideer Nagar has changed

The guideline value for Thideer Nagar has seen several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 150 per sq.ft. In 2017, this value dropped to Rs 100 per sq.ft, marking a decrease of 33%. However, by 2023, the guideline value returned to Rs 150 per sq.ft, reflecting a 50% increase from the 2017 figure. The 2024 revision maintains this value at Rs 150 per sq.ft, showing no change from the previous year.

It is important to note that there are no recorded figures for Thideer Nagar in the years 2002, 2003, and 2007. Thus, the only relevant revisions are from 2012, 2017, 2023, and 2024.

Guideline values in Sengadu

In Sengadu, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 101 to Rs 500 per sq.ft. The median value among these streets is Rs 150 per sq.ft, which is equal to the guideline value of Thideer Nagar.

• Sriperumpudur Chengalpattu Road: Rs 500 per sq.ft (2024)
• Velappan Nagar: Rs 250 per sq.ft (2024)
• Shannmuga Nagar: Rs 200 per sq.ft (2024)
• Putru Koil Street: Rs 150 per sq.ft (2024)
• Puthumetu Street: Rs 150 per sq.ft (2024)
• Port Homes: Rs 500 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 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling 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?

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 Sengadu

The guideline value plays a crucial role in the registration process when buying or selling property in Sengadu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately. Buyers and sellers must be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Thideer Nagar?

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

How has the guideline value changed over the years?

The guideline value of Thideer Nagar 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 remains at Rs 150 per sq.ft in 2024.

What is the median guideline value in Sengadu?

The median guideline value in Sengadu is Rs 150 per sq.ft, which is the same as the guideline value of Thideer Nagar.

What are the stamp duty and registration fees for a property in Thideer Nagar?

For a 1,000 sq.ft plot at the guideline value of Rs 150 per sq.ft, the total guideline value is Rs 1,50,000. The stamp duty would be Rs 10,500, and the registration fee would be Rs 3,000, totaling Rs 13,500.

Which office do I need to visit for property registration in Thideer Nagar?

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