Guideline Value for Thideer Nagar

Thideer Nagar guideline value

The current guideline value of Thideer Nagar, located in Papanguzhi village under the Sunguvarchattram SRO, is Rs 200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I 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 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft, marking a drop of 33%. Following this, the 2023 revision brought the value back up to Rs 200 per sq.ft, and the most recent 2024 revision maintained this figure, resulting in a 0% change from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has not changed.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. The changes in the guideline value from 2017 to 2023 reflect a significant increase of 49%.

Guideline values in Papanguzhi

In Papanguzhi village, there are 9 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which is equal to the 2024 figure for Thideer Nagar.

• Sri Sathya Sai Nagar(Akshara City): Rs 500 per sq.ft (2024)
• P.M.S Nagar: Rs 300 per sq.ft (2024)
• Perumal Kovil Street: Rs 200 per sq.ft (2024)
• Palla Street: Rs 200 per sq.ft (2024)
• padasalai Street: Rs 200 per sq.ft (2024)
• odai Street: Rs 300 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, while the registration fee at 2% would be Rs 4,000, bringing the total cost for these fees to Rs 18,000. 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 Sub Registrar Office that covers Thideer Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

When buying or selling property in Papanguzhi, the guideline value plays a crucial role in determining the registration fees and stamp duty payable. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is fairly documented.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during the property registration process.

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 changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and 2024. Overall, there has been no change from 2012 to 2024.

What is the land classification for Thideer Nagar?

The land classification for Thideer Nagar is Residential Class I Type - I.

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

The Sub Registrar Office for Thideer Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft has a guideline value of Rs 2,00,000, resulting in a stamp duty of Rs 14,000.