Guideline Value for Thirumalai Nagar Annex

Thirumalai Nagar Annex guideline value

The current guideline value of Thirumalai Nagar Annex is Rs 275 per sq.ft, effective from 1 July 2024. This area is located in Perungavur village under the Redhills SRO and is classified as Residential Class II Type - I.

How the guideline value of Thirumalai Nagar Annex has changed

The guideline value for Thirumalai Nagar Annex has undergone several revisions over the years. Starting from the 2003 revision, the value was Rs 15 per sq.ft. This increased significantly to Rs 200 per sq.ft in 2007, marking a change of +1233%. In 2012, the value was revised to Rs 250 per sq.ft, which was a decrease of -33%. The 2017 revision saw another increase to Rs 167 per sq.ft, followed by a substantial rise to Rs 250 per sq.ft in 2023, representing a +50% change. Finally, the current figure of Rs 275 per sq.ft from the 2024 revision reflects a +10% increase from the previous year.

It's important to note that the register has no figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by +1733%.

Guideline values in Perungavur

In Perungavur, there are 79 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft, with the median being Rs 275 per sq.ft. Thirumalai Nagar Annex's current guideline value is equal to this median.

• Thirumalai Nagar: Rs 275 per sq.ft (2024)
• Thirupathi Nagar: Rs 220 per sq.ft (2024)
• Thirupathi Nagar Annex: Rs 220 per sq.ft (2024)
• Thiruvalluvar Street: Rs 385 per sq.ft (2024)
• Super Luck City Annex: Rs 385 per sq.ft (2024)
• Super Luck City: Rs 385 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalai Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value amounts to Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, bringing the total cost for these fees to Rs 24,750. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirumalai Nagar Annex?

The Sub Registrar Office that covers Thirumalai Nagar Annex is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perungavur. It is used to determine the stamp duty and registration fees applicable on the transaction. Buyers must ensure that the sale price or the guideline value, whichever is higher, is used to calculate these fees.

When a property is registered, the guideline value is referenced to ensure compliance with local regulations. It serves as a benchmark for property transactions, ensuring transparency and standardization in the registration process.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar Annex?

The current guideline value of Thirumalai Nagar Annex is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 15 per sq.ft in 2003 to Rs 275 per sq.ft in 2024, reflecting an overall increase of +1733% over this period.

What are the stamp duty and registration fees for property in Thirumalai Nagar Annex?

For a property valued at Rs 2,75,000, the stamp duty at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, totaling Rs 24,750.

Which Sub Registrar Office covers Thirumalai Nagar Annex?

The Redhills Sub Registrar Office covers Thirumalai Nagar Annex, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification of Thirumalai Nagar Annex?

Thirumalai Nagar Annex is classified as Residential Class II Type - I, indicating its suitability for residential development.