Guideline Value for Thirawpathi Nagar

Thirawpathi Nagar guideline value

The current guideline value of Thirawpathi Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This village falls under the Kanchipuram Joint IV SRO and is classified as Residential Class II Type - I.

How the guideline value of Thirawpathi Nagar has changed

Over the years, the guideline value of Thirawpathi Nagar has undergone several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 800 per sq.ft in the 2023 revision and further rose to Rs 880 per sq.ft in the 2024 revision.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value saw a substantial increase of 49%. The latest change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ist Division

In the Ist Division under the Kanchipuram Joint IV SRO, there are 79 streets with a guideline value for 2024 ranging from Rs 800 to Rs 3,300 per sq.ft. The median value is Rs 880 per sq.ft, which is the same as the guideline value for Thirawpathi Nagar.

• Thirukatchi Nambi Street: Rs 3,300 per sq.ft (2024)
• Thirumalai Nagar: Rs 880 per sq.ft (2024)
• Thendai Mada Veethi: Rs 1,650 per sq.ft (2024)
• Thiruppukudal Street: Rs 1,100 per sq.ft (2024)
• Thiru Solai Street: Rs 1,100 per sq.ft (2024)
• Swarnapuri Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Thirawpathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total charges to Rs 79,200. 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 more detailed calculations.

Which Sub Registrar Office covers Thirawpathi Nagar?

The Sub Registrar Office that covers Thirawpathi Nagar is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ist Division. It serves as the basis for calculating the stamp duty and registration fees, ensuring that both parties adhere to legal requirements.

When a property transaction occurs, the guideline value helps determine the official value of the property, which is essential for the registration process. Buyers should be aware that the guideline value may differ from the agreed sale price, and the higher of the two will be used for calculating taxes and fees.

Frequently asked questions

What is the current guideline value of Thirawpathi Nagar?

The current guideline value of Thirawpathi Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Thirawpathi Nagar?

Thirawpathi Nagar is classified as Residential Class II Type - I.

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

The Sub Registrar Office for Thirawpathi Nagar is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.

How is stamp duty calculated in Thirawpathi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at 7%.