Guideline Value for Thideer Nagar

Thideer Nagar guideline value

The current guideline value of Thideer Nagar, located in Vallam_B village under the Sriperumpudur SRO, is Rs 200 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class III Type - I land classification.

How the guideline value of Thideer Nagar has changed

Over the years, the guideline value for Thideer Nagar has seen several revisions. The 2017 revision set the value at Rs 134 per sq.ft, which remained unchanged at Rs 200 per sq.ft during the 2023 revision. The 2024 revision also maintains the guideline value at Rs 200 per sq.ft, resulting in a 49% increase from the 2017 figure to the 2024 figure.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Thus, the changes from the 2017 revision to the 2023 and 2024 revisions reflect a stable guideline value since 2023.

Guideline values in Vallam_B

In Vallam_B, there are 73 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 400 per sq.ft. Thideer Nagar's current guideline value of Rs 200 per sq.ft is below this median.

• Thideer Nagar 1st Street: 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

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, resulting in a total of 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 our stamp duty and registration fee calculator for more detailed calculations.

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 Vallam_B

The guideline value is a crucial factor in property transactions in Vallam_B. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property. The guideline value serves as a reference point for assessing the property’s worth during the registration process.

When selling a property, the guideline value can influence the sale price. However, it is essential to remember that the actual sale price or the guideline value, whichever is higher, will be used to calculate the applicable duties and fees during registration.

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 2023 and was previously Rs 134 per sq.ft in 2017, marking a 49% increase overall from 2017 to 2024.

What are the other streets in Vallam_B and their guideline values?

Other streets in Vallam_B include Thideer Nagar 1st Street at Rs 200 per sq.ft, Thideer Nagar Cross Street at Rs 150 per sq.ft, and several others at Rs 400 per sq.ft.

What fees are associated with buying property in Thideer Nagar?

When buying property in Thideer Nagar, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Thideer Nagar located?

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