Guideline Value for Thillai Nathamuni Avenue

Thillai Nathamuni Avenue guideline value

The current guideline value of Thillai Nathamuni Avenue is Rs 2,860 per sq.ft, effective from 1 July 2024. This street is located in Mogalivakkam village under the Kunrathur SRO, and it falls under the Residential Special Type - II land classification.

How the guideline value of Thillai Nathamuni Avenue has changed

The guideline value for Thillai Nathamuni Avenue has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 2,600 per sq.ft in 2012, marking a 333% rise. However, it then decreased to Rs 1,742 per sq.ft in 2017, reflecting a 33% drop. The value rose again to Rs 2,600 per sq.ft in 2023, and most recently, it has increased to Rs 2,860 per sq.ft in 2024, a 10% increase from the previous year.

Notably, there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 377%.

Guideline values in Mogalivakkam

In Mogalivakkam, there are 98 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,530 to Rs 6,600 per sq.ft, with a median of Rs 2,970 per sq.ft. Thillai Nathamuni Avenue's 2024 figure is below this median.

• Thillai Natarajan Avenue: Rs 2,860 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 2,860 per sq.ft (2024)
• SwarnaGanapathy Nagar: Rs 2,860 per sq.ft (2024)
• Thulukanathamman Koil Street: Rs 2,860 per sq.ft (2024)
• Sundara Vadivel Nagar: Rs 2,860 per sq.ft (2024)
• Subramania Swamy Koil Street: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Nathamuni Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total guideline value would be Rs 28,60,000. The stamp duty at 7% would be Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, making the total charges Rs 2,57,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thillai Nathamuni Avenue?

The Sub Registrar Office covering Thillai Nathamuni Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mogalivakkam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees payable at the time of registration.

Frequently asked questions

What is the current guideline value of Thillai Nathamuni Avenue?

The current guideline value of Thillai Nathamuni Avenue is Rs 2,860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 600 per sq.ft in 2007 to Rs 2,860 per sq.ft in 2024, reflecting an overall increase of 377% over the years.

What is the registration office for Thillai Nathamuni Avenue?

The registration office for Thillai Nathamuni Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What are the stamp duty rates applicable?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher. Additionally, the registration fee is charged at 2% of the guideline value or sale price.

Where can I find more information about stamp duty and registration fees?

You can find more information and calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.