Guideline Value for Thillai Nagar

Thillai Nagar guideline value

The current guideline value of Thillai Nagar, located in Navaloor village under the Padappai SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Thillai Nagar has changed

The guideline value for Thillai Nagar has undergone several revisions over the years. The oldest revision available is from 2017, where the guideline value was Rs 335 per sq.ft. This figure increased to Rs 500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Navaloor

In Navaloor, there are 26 streets under the Padappai SRO that have a 2024 guideline value, ranging from Rs 440 to Rs 1,000 per sq.ft. The median value for these streets is Rs 550 per sq.ft, which is equal to the guideline value of Thillai Nagar.

• Sri Varalakshmi Nagar: Rs 440 per sq.ft (2024)
• Srinivasa Perumal Nagar: Rs 550 per sq.ft (2024)
• Vattambakkam to Serappananchery Road: Rs 440 per sq.ft (2024)
• Sri Krishna Nagar Part - I S.Nos.2/2b1, 2b2: Rs 550 per sq.ft (2024)
• Sri Krishna Nagar Part - I: Rs 550 per sq.ft (2024)
• Sri Ganeshji Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty is charged at 7%, which would be Rs 38,500, while the registration fee at 2% would be Rs 11,000. Together, these fees amount to Rs 49,500. 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 Thillai Nagar?

The Thillai Nagar area falls under the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Navaloor. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately and legally.

Frequently asked questions

What is the current guideline value of Thillai Nagar?

The current guideline value of Thillai Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, rising from Rs 335 per sq.ft to the current Rs 550 per sq.ft as of the 2024 revision.

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

Other streets in Navaloor with a guideline value of Rs 550 per sq.ft include Srinivasa Perumal Nagar, Sri Krishna Nagar Part - I, and Sri Krishna Nagar Part - I S.Nos.2/2b1, 2b2.

Where can I find the registration office for Thillai Nagar?

The registration office for Thillai Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 550 per sq.ft would incur a total stamp duty and registration fee of Rs 49,500.