Guideline Value for Thirumala Nagar

Thirumala Nagar guideline value

The current guideline value of Thirumala Nagar is Rs 750 per sq.ft, effective from 1 July 2024. This locality is situated in Ponthoor village under the Sriperumpudur SRO, with a land classification of Mixed Special Type - I.

How the guideline value of Thirumala Nagar has changed

Over the years, the guideline value of Thirumala Nagar has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 250 per sq.ft. This figure increased significantly to Rs 750 per sq.ft in 2012, marking a 200% rise. However, by 2017, the value decreased to Rs 502 per sq.ft, a reduction of 33%. The next revision in 2023 maintained the value at Rs 750 per sq.ft, and the same value was retained in the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 200%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Ponthoor

Ponthoor village has a total of 79 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 200 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, placing Thirumala Nagar's 2024 figure above this median.

• Thazhampoo Street: Rs 300 per sq.ft (2024)
• Thamarai Poo Street: Rs 500 per sq.ft (2024)
• Suriya Gandhi Poo Street: Rs 300 per sq.ft (2024)
• Vaagai Poo Street: Rs 300 per sq.ft (2024)
• Vadamalli Poo Street: Rs 300 per sq.ft (2024)
• Subasree Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumala Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, making the total cost for these fees Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumala Nagar?

The Sub Registrar Office that covers Thirumala 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 Ponthoor

The guideline value plays a crucial role during property transactions in Ponthoor. It serves as a reference point for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When you buy or sell property, the guideline value is used to determine the minimum value on which the stamp duty is calculated. This means that even if the sale price is lower than the guideline value, the stamp duty will be based on the guideline value.

Frequently asked questions

What is the current guideline value of Thirumala Nagar?

The current guideline value of Thirumala Nagar is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 750 per sq.ft in 2012, then decreased to Rs 502 per sq.ft in 2017, and returned to Rs 750 per sq.ft in 2023 and 2024.

What is the median guideline value in Ponthoor?

The median guideline value for streets in Ponthoor is Rs 300 per sq.ft, making Thirumala Nagar's value above this median.

What are the stamp duty and registration fees for properties in Thirumala Nagar?

For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 and the registration fee would be Rs 15,000, totaling Rs 67,500.

Which office handles property registrations in Thirumala Nagar?

The Sriperumpudur Sub Registrar Office handles property registrations for Thirumala Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.