Guideline Value for Thirumal Nagar

Thirumal Nagar guideline value

The current guideline value of Thirumal Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Valarpuram village under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of Thirumal Nagar has changed

The guideline value for Thirumal Nagar has seen several revisions over the years. In 2007, the value was Rs 150 per sq.ft, which increased to Rs 300 per sq.ft in 2012, marking a 100% increase. However, between 2012 and 2017, the value decreased to Rs 201 per sq.ft, representing a decline of 33%. The value then rose significantly to Rs 300 per sq.ft in 2023, maintaining the same figure in the 2024 revision, which shows no change from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 100%.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 2,025 per sq.ft. The median value is Rs 300 per sq.ft, making Thirumal Nagar's 2024 figure equal to this median. Below are other streets in Valarpuram:

• Theruveedhiyamman Koil Street: Rs 200 per sq.ft (2024)
• Telugu Nagar Colony: Rs 200 per sq.ft (2024)
• Sundara Vinayagar Nagar: Rs 200 per sq.ft (2024)
• Sundaramoorthy Avenue: Rs 300 per sq.ft (2024)
• Vaikuntham Nagar: Rs 200 per sq.ft (2024)
• Vaishnavi Farms: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, together totaling Rs 27,000. 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 Thirumal Nagar?

The Sub Registrar Office that covers Thirumal Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Valarpuram. It determines the minimum value at which a property can be registered and is used to calculate applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This process helps maintain transparency and integrity within the real estate market.

Frequently asked questions

What is the current guideline value of Thirumal Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed multiple times, with the most recent revisions being Rs 300 per sq.ft in both 2023 and 2024. The value was Rs 150 per sq.ft in 2007 and saw an increase to Rs 300 per sq.ft in 2012.

What are the other streets in Valarpuram with their guideline values?

Other streets in Valarpuram include Theruveedhiyamman Koil Street, Telugu Nagar Colony, Sundara Vinayagar Nagar, Sundaramoorthy Avenue, Vaikuntham Nagar, and Vaishnavi Farms, with values ranging from Rs 200 to Rs 300 per sq.ft in 2024.

How is the stamp duty calculated for property in Thirumal Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 3,00,000, the stamp duty would be Rs 21,000.

Where can I find the Sub Registrar Office for Thirumal Nagar?

The Sub Registrar Office for Thirumal Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more details online.