Guideline Value for Thiru Nagar

Thiru Nagar guideline value

The current guideline value of Thiru Nagar, located in Pozhichalur village, is Rs 1,650 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Pammal Sub Registrar Office and is classified as Residential Class I Type - I.

How the guideline value of Thiru Nagar has changed

The guideline value for Thiru Nagar has seen significant changes over the years. In the 2007 revision, the value was Rs 400 per sq.ft, which increased to Rs 1,005 per sq.ft in 2017. This marked a substantial rise of 151%. The 2023 revision set the value at Rs 1,500 per sq.ft, reflecting a 49% increase from the previous revision. The most recent revision in 2024 has raised the guideline value to Rs 1,650 per sq.ft, a 10% increase from 2023.

There are no figures available for the years 2002, 2003, and 2012 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 313%.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. The guideline value of Thiru Nagar is above this median.

• Thirumenieshwarar Koil Street: Rs 1,100 per sq.ft (2024)
• Thirumalai Nagar Salai: Rs 1,100 per sq.ft (2024)
• Thirumalai Nagar 2nd Cross Street: Rs 1,100 per sq.ft (2024)
• Thirumalai Nagar 1st Street: Rs 1,100 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,100 per sq.ft (2024)
• Thiruvalluvar Salai: Rs 1,100 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 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiru Nagar?

The Thiru Nagar area is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Pozhichalur. It is used to determine the stamp duty and registration fees when a property is bought or sold, ensuring that the government receives the appropriate revenue from property transactions.

When registering a property, the guideline value serves as a benchmark for the minimum value of the property. Buyers and sellers should be aware that the registration process will consider the guideline value or the sale price, whichever is higher, to calculate the applicable fees.

Frequently asked questions

What is the current guideline value of Thiru Nagar?

The current guideline value of Thiru Nagar is Rs 1,650 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 400 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 313% over the years.

What is the land classification of Thiru Nagar?

Thiru Nagar is classified as Residential Class I Type - I, indicating its designation for residential purposes.

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

The Sub Registrar Office covering Thiru Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is the stamp duty calculated in Thiru Nagar?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property with a guideline value of Rs 16,50,000, the stamp duty would be Rs 1,15,500 at the rate of 7%.