Guideline Value for Thiru Nagar

Thiru Nagar guideline value

The current guideline value of Thiru Nagar, located in Kattupakkam village under the Gooduvancheri SRO, is Rs 500 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Thiru Nagar has changed

The guideline value of Thiru Nagar has seen several revisions over the years. In 2007, the value was Rs 160 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease to Rs 335 per sq.ft. The most recent revisions in 2023 and 2024 have maintained the value at Rs 500 per sq.ft, showing no change from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 213%. The revisions for the years 2002 and 2003 do not have figures listed for this street in the register.

Guideline values in Kattupakkam

In Kattupakkam, there are 27 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 1,500 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value for Thiru Nagar aligns with this median.

• Thiruvalluvar Nagar: Rs 500 per sq.ft (2024)
• Thendral Nagar: Rs 400 per sq.ft (2024)
• Sundar Nagar: Rs 500 per sq.ft (2024)
• Sri Sai Avenue: Rs 500 per sq.ft (2024)
• Sri Dhanalakshmi Nagar: Rs 400 per sq.ft (2024)
• Sri Balaji Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, making the total fees together Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiru Nagar?

The Sub Registrar Office covering Thiru Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Kattupakkam. It is used to determine the applicable stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When buying or selling property, it is essential to refer to the current guideline value to ensure compliance with legal requirements and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Thiru Nagar?

The current guideline value of Thiru Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with notable revisions from Rs 160 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, and it has remained at Rs 500 per sq.ft since 2023.

What is the land classification for Thiru Nagar?

The land classification for Thiru Nagar is Residential Special Type - I, indicating its designated use for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated in Thiru Nagar?

Stamp duty in Thiru Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 500 per sq.ft, the total guideline value is Rs 5,00,000, leading to a stamp duty of Rs 35,000.