Guideline Value for Thillaiyadi Valliammai Nagar

Thillaiyadi Valliammai Nagar guideline value

The current guideline value for Thillaiyadi Valliammai Nagar, located in Thirumangalam village under the AnnaNagar SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - II.

How the guideline value of Thillaiyadi Valliammai Nagar has changed

The guideline value for Thillaiyadi Valliammai Nagar has undergone several revisions over the years. The 2007 revision set the value at Rs 1,300 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, this was followed by a decrease to Rs 2,680 per sq.ft in 2017. The value then rose to Rs 4,000 per sq.ft in 2023 before reaching the current rate of Rs 4,400 per sq.ft in 2024. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%. The jump from 2023 to 2024 reflects a 10% rise. Overall, from 2007 to 2024, the guideline value has increased by 238%, highlighting significant changes over the years.

Guideline values in Thirumangalam

In Thirumangalam, there are 149 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 15,900 per sq.ft, with a median value of Rs 11,500 per sq.ft. The guideline value for Thillaiyadi Valliammai Nagar is below this median.

• Temple View Colony/Flats: Rs 14,800 per sq.ft (2024)
• Telephone Stores: Rs 11,500 per sq.ft (2024)
• Thiru Vi Ka Street, Thillaiyadi Valliammai Nagar: Rs 3,300 per sq.ft (2024)
• Sunshine Apartments: Rs 13,200 per sq.ft (2024)
• Vivekananda Street: Rs 11,500 per sq.ft (2024)
• Y- Block (West) 1593, 3013, 3065 2907 (Near Natesan Co-operative Training Institute) 13th Main Road: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thillaiyadi Valliammai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Thillaiyadi Valliammai Nagar?

The Sub Registrar Office that covers Thillaiyadi Valliammai Nagar is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thirumangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay stamp duty based on the higher value between the guideline value and the actual sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thillaiyadi Valliammai Nagar?

The current guideline value of Thillaiyadi Valliammai Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 238% over this period.

What is the land classification for Thillaiyadi Valliammai Nagar?

Thillaiyadi Valliammai Nagar is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

What are the other streets in Thirumangalam with their guideline values?

Other streets in Thirumangalam have varying guideline values, with rates ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median value is Rs 11,500 per sq.ft, and Thillaiyadi Valliammai Nagar's value is below this median.

Where is the AnnaNagar Sub Registrar Office located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office.