Guideline Value for Thilagavathi Nagar Extn

Thilagavathi Nagar Extn guideline value

The current guideline value of Thilagavathi Nagar Extn is Rs 2,530 per sq.ft, effective from 1 July 2024. This area is located in Irumpuliyur village and falls under the Tambaram Joint 1 SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Thilagavathi Nagar Extn has changed

The guideline value for Thilagavathi Nagar Extn has seen several revisions over the years. The 2012 revision set the value at Rs 2,300 per sq.ft, which was later decreased to Rs 1,541 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,300 per sq.ft, and the most recent 2024 revision has raised it further to Rs 2,530 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, there was a significant increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making the guideline value for Thilagavathi Nagar Extn above the median.

• Thilagavathi Nagar: Rs 2,530 per sq.ft (2024)
• Thilagavathy Nagar ,(Vijaya Ganapath): Rs 2,200 per sq.ft (2024)
• Thilagavathi Main Road: Rs 2,530 per sq.ft (2024)
• Thilagavathi 2nd Street: Rs 2,530 per sq.ft (2024)
• Thanthai Periyar Nagar: Rs 2,200 per sq.ft (2024)
• Tamil Poonga Street: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Thilagavathi Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600. Together, the total cost for stamp duty and registration fee would be Rs 2,27,700. 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 Thilagavathi Nagar Extn?

The Sub Registrar Office that covers Thilagavathi Nagar Extn is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Irumpuliyur. It serves as a benchmark for calculating the stamp duty and registration fees that are payable during the property registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the official rates set by the government. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Thilagavathi Nagar Extn?

The current guideline value of Thilagavathi Nagar Extn is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2012 to Rs 1,541 per sq.ft in 2017, then back to Rs 2,300 per sq.ft in 2023, and finally to Rs 2,530 per sq.ft in 2024.

What is the land classification for Thilagavathi Nagar Extn?

The land classification for Thilagavathi Nagar Extn is Residential Special Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 25,30,000, the total stamp duty and registration fee would be Rs 2,27,700.

Where can I find the Sub Registrar Office for Thilagavathi Nagar Extn?

The Sub Registrar Office for Thilagavathi Nagar Extn is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.