Guideline Value for Thirumal Nagar

Thirumal Nagar guideline value

The current guideline value of Thirumal Nagar, located in Puthagaram village under the Ambattur SRO, is Rs 1,900 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Thirumal Nagar has changed

The guideline value for Thirumal Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in the 2017 revision. Following this, 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 register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, the value increased by 49% from 2017 to 2023. The latest change from 2023 to 2024 reflects a 6% increase. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Puthagaram

In Puthagaram, there are 140 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median value is Rs 1,900 per sq.ft, which matches the current guideline value of Thirumal Nagar.

• Thirumal Nagar Extn (Part I): Rs 1,900 per sq.ft (2024)
• Thirumal Nagar Extn (Part II): Rs 1,900 per sq.ft (2024)
• Thirumal Nagar Extn (Part III): 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. Duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumal Nagar?

The Sub Registrar Office that covers Thirumal Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in property transactions within Puthagaram. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of registration. Buyers and sellers must consider this value to ensure compliance with legal requirements during the sale process.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount based on the property's worth as per the guideline register.

Frequently asked questions

What is the current guideline value of Thirumal Nagar?

The current guideline value of Thirumal Nagar 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 seen several revisions: Rs 1,800 per sq.ft in 2012, Rs 1,206 per sq.ft in 2017, Rs 1,800 per sq.ft in 2023, and currently Rs 1,900 per sq.ft in 2024.

What is the land classification for Thirumal Nagar?

Thirumal Nagar is classified as Residential Class I Type - I, which is a designation for residential properties in the area.

What are the registration fees for property in Thirumal Nagar?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

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

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