Guideline Value for Thilagavathi Nagar

Thilagavathi Nagar guideline value

The current guideline value of Thilagavathi Nagar 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 locality is Residential Special Type - I.

How the guideline value of Thilagavathi Nagar has changed

The guideline value for Thilagavathi Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 2,300 per sq.ft in 2012. However, it dropped to Rs 1,541 per sq.ft in 2017, before rising again to Rs 2,300 per sq.ft in 2023, and finally reaching Rs 2,530 per sq.ft in 2024. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 10%. The overall change from 2007 to 2024 shows a substantial increase of 406% in the guideline value.

Guideline values in Irumpuliyur

In Irumpuliyur village, 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 guideline value for these streets is Rs 2,200 per sq.ft, placing Thilagavathi Nagar's 2024 figure above that median.

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

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, while the registration fee at 2% would be Rs 50,600, bringing the total cost for stamp duty and registration to Rs 2,27,700. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thilagavathi Nagar?

The Sub Registrar Office that covers Thilagavathi Nagar 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 plays a crucial role during property registration in Irumpuliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller must be aware of the guideline value as it affects the financial obligations during the transaction. It is essential to refer to the latest guideline values to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Thilagavathi Nagar?

The current guideline value of Thilagavathi Nagar 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 500 per sq.ft in 2007 to Rs 2,530 per sq.ft in 2024, showing an overall increase of 406% during this period.

What are the other streets with similar guideline values in Irumpuliyur?

Other streets in Irumpuliyur with similar guideline values include Thilagavathi Main Road, Thilagavathi Nagar Extn, and Tamil Poonga Street, all at Rs 2,530 per sq.ft for 2024.

What is the registration fee for a property in Thilagavathi Nagar?

The registration fee for a property in Thilagavathi Nagar is calculated based on the guideline value. For example, for a property valued at Rs 25,30,000, the registration fee would be Rs 50,600 at 2%.

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

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