Guideline Value for Thideer Nagar

Thideer Nagar guideline value

The current guideline value of Thideer Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Vallam village under the Sriperumpudur SRO, classified as Residential Class III 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 figure is from 2012, where it was Rs 200 per sq.ft. In 2017, the value dropped to Rs 134 per sq.ft, marking a decrease of 33%. However, by the 2023 revision, it returned to Rs 200 per sq.ft, maintaining that value through to the 2024 revision, which also stands at Rs 200 per sq.ft, reflecting no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, comparing the 2012 figure to the 2024 figure, there is no change, as both are at Rs 200 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this 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. The median value is Rs 200 per sq.ft, which is equal to Thideer Nagar's 2024 figure.

• Thideer Nagar 1st Street: 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

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 fees together 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thideer Nagar?

The Thideer Nagar area is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Vallam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable fees, which can significantly affect the overall cost of the transaction. Therefore, understanding the guideline value is essential for anyone looking to navigate the property market in Vallam.

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 from 2012 to 2024, with a significant drop to Rs 134 per sq.ft in 2017 and a return to Rs 200 per sq.ft in 2023.

What is the land classification of Thideer Nagar?

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

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

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

How is the stamp duty calculated for properties in Thideer Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000, leading to a stamp duty of Rs 14,000.