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Guideline Value

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Guideline Value for Thirumagal Nagar 4th Cross Street

₹2750/sq.ft.

The guideline value for Thirumagal Nagar 4th Cross Street in Chitlapakkam village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Chitlapakkam

Village

Tambaram Joint 1

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Thirumagal Nagar 4th Cross Street

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Thirumagal Nagar 4th Cross Street guideline value

The current guideline value of Thirumagal Nagar 4th Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO and falls under the Residential Class I Type - II land classification.

How the guideline value of Thirumagal Nagar 4th Cross Street has changed

The guideline value for Thirumagal Nagar 4th Cross Street has seen several revisions over the years. The earliest recorded revision was in 2012, with a guideline value of Rs 2,500 per sq.ft. This figure changed to Rs 1,675 per sq.ft in 2017, marking a decrease of 33%. The value then increased significantly to Rs 2,500 per sq.ft in 2023, followed by a rise to Rs 2,750 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 10%. The revision register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which means the 2024 figure for Thirumagal Nagar 4th Cross Street is above that median.

Stamp duty and registration fee for property in Thirumagal Nagar 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, resulting in a total cost of Rs 2,47,500. 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 Thirumagal Nagar 4th Cross Street?

The Thirumagal Nagar 4th Cross Street falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Chitlapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are recorded accurately and reflect the legal value of the property being transferred.

Frequently asked questions

What is the current guideline value of Thirumagal Nagar 4th Cross Street?

The current guideline value of Thirumagal Nagar 4th Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, reflecting a 10% increase. The value was Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2012, indicating a significant increase over the years.

What is the land classification for Thirumagal Nagar 4th Cross Street?

The land classification for Thirumagal Nagar 4th Cross Street is Residential Class I Type - II. This classification indicates the type of development that is permissible in the area.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Thirumagal Nagar 4th Cross Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in Chitlapakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 27,50,000, the stamp duty would be calculated at 7% of this amount.