Guideline Value for Thirumakal Township

Thirumakal Township guideline value

The current guideline value of Thirumakal Township, located in Nandhivaram village under the Gooduvancheri SRO, is Rs 1,500 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Thirumakal Township has changed

Over the years, the guideline value for Thirumakal Township has seen several revisions. The earliest recorded figure is from 2002, where the guideline value was Rs 87 per sq.ft. This increased significantly to Rs 601 per sq.ft in 2007, marking a 591% rise. The value then rose to Rs 1,500 per sq.ft in 2012, reflecting a 150% increase. However, there was a decrease to Rs 1,005 per sq.ft in 2017, a reduction of 33%. The most recent revisions in 2023 and 2024 maintained the guideline value at Rs 1,500 per sq.ft, showing no change from the previous year.

To summarize the changes: from 2017 to 2023, there was a 49% increase, while the overall change from 2002 to 2024 is a remarkable 1624%. Notably, there is no figure available for the year 2003 in the register for this street.

Guideline values in Nandhivaram

Nandhivaram village consists of 169 streets under the Gooduvancheri SRO, with a 2024 guideline value range from Rs 1,000 to Rs 3,500 per sq.ft. The median value is Rs 1,500 per sq.ft, which is equal to the current guideline value for Thirumakal Township.

• Thanthai Periyar Nagar: Rs 1,500 per sq.ft (2024)
• Thottam Avenue: Rs 1,500 per sq.ft (2024)
• Thulukkanathamman Kovil Street: Rs 1,500 per sq.ft (2024)
• Suresh Avenue: Rs 1,500 per sq.ft (2024)
• Udhayasuriyan Nagar: Rs 2,000 per sq.ft (2024)
• Usha Nagar: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumakal Township

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total fees to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirumakal Township?

The Thirumakal Township is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nandhivaram. It is used to determine the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers must ensure that the property is registered at or above the guideline value to comply with legal requirements.

Additionally, the guideline value helps to standardize property valuations in the area, providing a reference point for both buyers and sellers. This ensures transparency and fairness in property transactions, making it easier for all parties involved.

Frequently asked questions

What is the current guideline value for Thirumakal Township?

The current guideline value for Thirumakal Township is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most significant increase occurring from 2002 to 2007, where it rose from Rs 87 to Rs 601 per sq.ft. The overall change from 2002 to 2024 is an increase of 1624%.

What are the other streets in Nandhivaram with similar guideline values?

Several other streets in Nandhivaram have a guideline value of Rs 1,500 per sq.ft, including Thanthai Periyar Nagar, Thottam Avenue, Thulukkanathamman Kovil Street, and Suresh Avenue.

What fees are associated with property transactions in Thirumakal Township?

When buying property in Thirumakal Township, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thirumakal Township?

The Gooduvancheri Sub Registrar Office covers Thirumakal Township, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.