Guideline Value for Thilagavathy Nagar ,(Vijaya Ganapath)

Thilagavathy Nagar ,(Vijaya Ganapath) guideline value

The current guideline value of Thilagavathy Nagar ,(Vijaya Ganapath) is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Irumpuliyur village, under the Tambaram Joint 1 SRO, and is classified as Residential Special Type - II.

How the guideline value of Thilagavathy Nagar ,(Vijaya Ganapath) has changed

Over the years, the guideline value of Thilagavathy Nagar ,(Vijaya Ganapath) has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,000 per sq.ft in the 2023 revision, and finally, it reached Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 is Rs 2,200 per sq.ft, which is equal to the current guideline value of Thilagavathy Nagar ,(Vijaya Ganapath).

• Thilagavathi Nagar Extn: Rs 2,530 per sq.ft (2024)
• Thilagavathi Nagar: Rs 2,530 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 Thilagavathy Nagar ,(Vijaya Ganapath)

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total Rs 1,98,000. 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 further assistance.

Which Sub Registrar Office covers Thilagavathy Nagar ,(Vijaya Ganapath)?

The Sub Registrar Office that covers Thilagavathy Nagar ,(Vijaya Ganapath) 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 in property transactions in Irumpuliyur. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, thus protecting the interests of both buyers and sellers.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for both parties to ensure compliance with local regulations and to avoid any potential disputes.

Frequently asked questions

What is the current guideline value of Thilagavathy Nagar ,(Vijaya Ganapath)?

The current guideline value of Thilagavathy Nagar ,(Vijaya Ganapath) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification of Thilagavathy Nagar ,(Vijaya Ganapath)?

Thilagavathy Nagar ,(Vijaya Ganapath) is classified as Residential Special Type - II.

Where can I find the Tambaram Joint 1 Sub Registrar Office?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Thilagavathy Nagar ,(Vijaya Ganapath)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.