Guideline Value for Thirumal Nagar Extn (Part II)

Thirumal Nagar Extn (Part II) guideline value

The current guideline value of Thirumal Nagar Extn (Part II) is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is located in Puthagaram village and falls under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Thirumal Nagar Extn (Part II) has changed

The guideline value for Thirumal Nagar Extn (Part II) has undergone several revisions over the years. In 2012, the value was set at Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in 2017. Following that, the value increased significantly to Rs 1,800 per sq.ft in 2023, and currently stands at Rs 1,900 per sq.ft from the 2024 revision. The changes between these revisions include a decrease of 33% from 2012 to 2017, followed by a 49% increase from 2017 to 2023, and a further increase of 6% from 2023 to 2024.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a net increase of 6%.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO, with 2024 guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value for these streets is Rs 1,900 per sq.ft, which matches the current value for Thirumal Nagar Extn (Part II).

• Thirumal Nagar Extn (Part I): Rs 1,900 per sq.ft (2024)
• Thirumal Nagar Extn (Part III): Rs 1,900 per sq.ft (2024)
• Thirumal Nagar: Rs 1,900 per sq.ft (2024)
• Thirupathi Nagar: Rs 1,900 per sq.ft (2024)
• Thiruvallur Street (Colony): Rs 1,200 per sq.ft (2024)
• Thangavel Nagar: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumal Nagar Extn (Part II)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total fees to Rs 1,71,000. Please 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 detailed calculations.

Which Sub Registrar Office covers Thirumal Nagar Extn (Part II)?

The Sub Registrar Office that covers Thirumal Nagar Extn (Part II) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puthagaram. 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 a property transaction occurs, the guideline value is utilized to calculate the applicable stamp duty and registration fees. This ensures that both parties in the transaction are paying their dues based on a standardized value set by the local authorities.

Frequently asked questions

What is the current guideline value of Thirumal Nagar Extn (Part II)?

The current guideline value of Thirumal Nagar Extn (Part II) is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and currently stands at Rs 1,900 per sq.ft in 2024.

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

Other streets in Puthagaram that share the same guideline value of Rs 1,900 per sq.ft in 2024 include Thirumal Nagar Extn (Part I), Thirumal Nagar Extn (Part III), Thirumal Nagar, Thirupathi Nagar, and Thangavel Nagar.

What fees are associated with buying property in Thirumal Nagar Extn (Part II)?

When purchasing property in Thirumal Nagar Extn (Part II), 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 Thirumal Nagar Extn (Part II)?

The Sub Registrar Office for Thirumal Nagar Extn (Part II) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.