Guideline Value for Thiruchandur Nagar

Thiruchandur Nagar guideline value

The current guideline value of Thiruchandur Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - II.

How the guideline value of Thiruchandur Nagar has changed

Over the years, the guideline value of Thiruchandur Nagar has seen significant changes. The earliest recorded figure is from 2003, which was Rs 179 per sq.ft. This value increased to Rs 710 per sq.ft in 2007, marking a change of +297%. The next revision in 2012 saw the value rise to Rs 3,000 per sq.ft, a substantial increase of +323%. However, from 2012 to 2023, the figure remained unchanged at Rs 3,000 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 3,300 per sq.ft, reflecting a change of +10% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by +1,744%. It is important to note that there are no recorded figures for the years 2002 and 2017 for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which is the same as the current guideline value for Thiruchandur Nagar.

• Thiripurasundari Colony: Rs 2,750 per sq.ft (2024)
• Thennanthope 3 To 4 Streets: Rs 3,300 per sq.ft (2024)
• Thennandhoppu 2nd Street: Rs 3,300 per sq.ft (2024)
• Thennandhoppu 1st Street: Rs 3,300 per sq.ft (2024)
• Thirumurugan Nagar: Rs 3,300 per sq.ft (2024)
• Thirumurugan Nagar 2nd Cross St.: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruchandur Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration fee would be Rs 2,97,000. It is important to 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 Thiruchandur Nagar?

The Sub Registrar Office that covers Thiruchandur Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Zaminpallavaram. It determines the minimum value at which a property can be registered. Buyers and sellers must consider this value during transactions to ensure compliance with local regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thiruchandur Nagar?

The current guideline value of Thiruchandur Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 179 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, an overall increase of +1,744%.

What are the stamp duty and registration fees for properties in Thiruchandur Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost for these fees would be Rs 2,97,000.

Which office handles property registrations in Thiruchandur Nagar?

The Pallavaram Sub Registrar Office handles property registrations in Thiruchandur Nagar, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.

What is the land classification for Thiruchandur Nagar?

The land classification for Thiruchandur Nagar is Residential Class I Type - II.