Guideline Value for Thiru Nagar

Thiru Nagar guideline value

The current guideline value of Thiru Nagar, located in Mannoor village under the Sriperumpudur SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Thiru Nagar has changed

Over the years, the guideline value for Thiru Nagar has seen several revisions. The 2007 revision set the value at Rs 120 per sq.ft, which increased significantly to Rs 250 per sq.ft in the 2012 revision. However, in the 2017 revision, the value was adjusted down to Rs 167 per sq.ft, before rising again to Rs 250 per sq.ft in both the 2023 and 2024 revisions. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 50%. The value remained unchanged from 2023 to 2024, indicating a stable rate during this period. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 108%.

Guideline values in Mannoor

Mannoor village has 56 streets under the Sriperumpudur SRO, with the 2024 guideline values ranging from Rs 100 to Rs 1,500 per sq.ft. The median value across these streets is Rs 250 per sq.ft, which is equal to the current guideline value of Thiru Nagar.

• Thirumurugan Nagar: Rs 200 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 250 per sq.ft (2024)
• Tharani Grand: Rs 500 per sq.ft (2024)
• Udhaya Dinesh Nagar: Rs 200 per sq.ft (2024)
• Vairavar Nagar: Rs 200 per sq.ft (2024)
• Veeralaxmi Nagar: Rs 250 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 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty is calculated at 7%, which totals Rs 17,500, and the registration fee is charged at 2%, amounting to Rs 5,000. Therefore, the total cost for stamp duty and registration fee together is Rs 22,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiru Nagar?

The Sub Registrar Office that covers Thiru Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Mannoor. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than the negotiated sale price.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly affects the financial obligations associated with the transaction. Buyers and sellers should consult the latest guideline values to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Thiru Nagar?

The current guideline value of Thiru Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, with the most recent revisions being Rs 250 per sq.ft in 2023 and 2024, up from Rs 167 per sq.ft in 2017.

What is the land classification of Thiru Nagar?

Thiru Nagar falls under the Residential Class II Type - I land classification.

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

The Sub Registrar Office for Thiru Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated in Thiru Nagar?

Stamp duty in Thiru Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500.