Guideline Value for Thirumalai Avenue

Thirumalai Avenue guideline value

The current guideline value of Thirumalai Avenue is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Adhanoor village under the Gooduvancheri SRO, classified as Residential Special Type - I.

How the guideline value of Thirumalai Avenue has changed

The guideline value of Thirumalai Avenue has seen several revisions over the years. The 2007 revision set the value at Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a 400% increase. However, from 2012 to 2017, the value decreased by 33% to Rs 670 per sq.ft. The subsequent revision in 2023 maintained the value at Rs 670 per sq.ft, and the most recent revision in 2024 again set it at Rs 1,000 per sq.ft, showing no change from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 400%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 670 to Rs 3,000 per sq.ft. The median value is Rs 1,000 per sq.ft, which is equal to the 2024 guideline value of Thirumalai Avenue.

• Thirumalai Nagar: Rs 1,000 per sq.ft (2024)
• Thirumurugan Nagar Part-I,II: Rs 1,000 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 1,000 per sq.ft (2024)
• Thangaiya Garden: Rs 2,239 per sq.ft (2024)
• Tara Nagar I-III: Rs 1,000 per sq.ft (2024)
• Sun City: Rs 1,941 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalai Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, resulting in a total of Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thirumalai Avenue?

The Sub Registrar Office that covers Thirumalai Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Adhanoor. It serves as a benchmark for determining the minimum price at which a property can be registered. When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately in the official register.

During the registration process, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thirumalai Avenue?

The current guideline value of Thirumalai Avenue is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreasing to Rs 670 per sq.ft in 2017. It remained at Rs 670 per sq.ft in 2023 and returned to Rs 1,000 per sq.ft in 2024.

What is the median guideline value in Adhanoor?

The median guideline value in Adhanoor is Rs 1,000 per sq.ft, which is the same as the 2024 guideline value for Thirumalai Avenue.

What are the stamp duty and registration fees for properties in Thirumalai Avenue?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Thirumalai Avenue located?

The Sub Registrar Office for Thirumalai Avenue is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.