Guideline Value for Thirumal Nagar Extension

Thirumal Nagar Extension guideline value

The current guideline value of Thirumal Nagar Extension is Rs 226 per sq.ft, effective from 1 July 2024. This area is located in Kaval Kazhani village and falls under the Sunguvarchattram SRO. The land classification for this location is Residential Class II Type - I.

How the guideline value of Thirumal Nagar Extension has changed

Over the years, the guideline value for Thirumal Nagar Extension has seen several revisions. The 2012 revision set the value at Rs 225 per sq.ft, which slightly decreased to Rs 151 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 50% to reach Rs 226 per sq.ft, a figure that remained unchanged in the 2024 revision.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Thus, the guideline value remained at Rs 226 per sq.ft from 2023 to 2024, indicating stability in the recent assessments.

Guideline values in Kaval Kazhani

Kaval Kazhani village has a range of guideline values across its 20 streets, with the 2024 figures varying from Rs 226 to Rs 1,550 per sq.ft. The median guideline value in this area is Rs 300 per sq.ft, positioning Thirumal Nagar Extension below this median.

• Thirumalai nagar phase-III: Rs 400 per sq.ft (2024)
• Thirumagal Nagar: Rs 226 per sq.ft (2024)
• Teachers VIP Layout: Rs 400 per sq.ft (2024)
• Suncity I,II: Rs 300 per sq.ft (2024)
• Suncity: Rs 300 per sq.ft (2024)
• Sri Sheshadhri Avenue: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumal Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 226 per sq.ft, the total guideline value amounts to Rs 2,26,000. The stamp duty is charged at 7%, resulting in Rs 15,820, while the registration fee at 2% amounts to Rs 4,520. The total cost for stamp duty and registration fee combined is Rs 20,340. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumal Nagar Extension?

The Thirumal Nagar Extension falls under the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Kaval Kazhani. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property in this area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial implications of their transactions. This helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Thirumal Nagar Extension?

The current guideline value of Thirumal Nagar Extension is Rs 226 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 226 per sq.ft from 2023 to 2024. It increased by 50% from Rs 151 per sq.ft in 2017 to Rs 226 per sq.ft in 2023, while it slightly decreased from Rs 225 per sq.ft in 2012 to Rs 151 per sq.ft in 2017.

What is the land classification for Thirumal Nagar Extension?

The land classification for Thirumal Nagar Extension is Residential Class II Type - I, indicating its designation for residential use within the area.

What are the stamp duty and registration fees for property in Thirumal Nagar Extension?

The stamp duty is charged at 7% of the guideline value, while the registration fee is charged at 2%. For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fee amounts to Rs 20,340.

Which Sub Registrar Office covers Thirumal Nagar Extension?

The Sunguvarchattram Sub Registrar Office covers Thirumal Nagar Extension, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.