Guideline Value for Thiru Nagar

Thiru Nagar guideline value

The current guideline value of Thiru Nagar, located in Thirumullaivoyal village under the Ambattur SRO, is Rs 990 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class V Type - I.

How the guideline value of Thiru Nagar has changed

Over the years, the guideline value for Thiru Nagar has undergone several revisions. The earliest recorded figure is from 2007, when the guideline value was Rs 200 per sq.ft. This increased significantly to Rs 900 per sq.ft in 2012, marking a substantial rise of 350%. However, in 2017, the value dropped to Rs 603 per sq.ft, representing a decrease of 33%. The most recent revision in 2024 has set the guideline value at Rs 990 per sq.ft, reflecting an increase of 64% from the 2017 figure.

It is important to note that there are no recorded figures for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 395%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value of Thiru Nagar is below this median.

• Thirumurugan Villa: Rs 1,100 per sq.ft (2024)
• Thirumullaivoil Salai: Rs 1,500 per sq.ft (2024)
• Thirumullaivayal Colony (Perumalkoil Street): Rs 1,300 per sq.ft (2024)
• Thirumullaivayal Colony (Iyyanar Street): Rs 1,300 per sq.ft (2024)
• Thirumullaivayal Colony (Thiruvallar Street): Rs 1,300 per sq.ft (2024)
• Thirumullaivayal Colony (Ambedkar Street): Rs 1,300 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 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total fees together to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. 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 Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers should be aware of the guideline value to ensure compliance with legal requirements and to avoid any discrepancies 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 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 990 per sq.ft in 2024, reflecting a total increase of 395% over these years.

What is the land classification for Thiru Nagar?

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

What are the stamp duty and registration fees for a property in Thiru Nagar?

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which office handles property registrations for Thiru Nagar?

The Ambattur Sub Registrar Office handles property registrations for Thiru Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.