Guideline Value for Thideer Nagar

Thideer Nagar guideline value

The current guideline value of Thideer Nagar, located in Tondaiarpet village under the Royapuram SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Thideer Nagar has changed

Over the years, the guideline value of Thideer Nagar has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value significantly increased by 49% to reach Rs 1,200 per sq.ft, and the current 2024 revision shows a further increase to Rs 1,300 per sq.ft, marking an 8% rise from the previous year.

The register does not contain figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Tondaiarpet

In Tondaiarpet village, there are 1,384 streets under the Royapuram SRO, with guideline values for 2024 ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, indicating that Thideer Nagar's 2024 guideline value is below the median.

• Thilagar Nagar: Rs 1,300 per sq.ft (2024)
• Theen Murthy Nagar: Rs 1,300 per sq.ft (2024)
• Thaskant Street: Rs 1,300 per sq.ft (2024)
• Thandiar Nagar 5th Street: Rs 1,300 per sq.ft (2024)
• Thandavarayan meisthry Street: Rs 2,200 per sq.ft (2024)
• Thandair Nagar Main Street: Rs 1,300 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 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total charges to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Thideer Nagar?

The Sub Registrar Office that covers Thideer Nagar is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the sale or purchase of property.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value of Thideer Nagar?

The current guideline value of Thideer Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, an increase of 8%. It was Rs 804 per sq.ft in 2017, which was a significant increase from Rs 1,200 per sq.ft in 2012.

What is the land classification for Thideer Nagar?

Thideer Nagar is classified as Residential Class II Type - I. This classification affects the guideline value and regulations pertaining to property in the area.

Where is the Royapuram Sub Registrar Office located?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. This office handles the registration of properties in the Thideer Nagar area.

How is stamp duty calculated in Thideer Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty at 7% would be Rs 91,000.