Guideline Value for Thirumalai Nagar Extn

Thirumalai Nagar Extn guideline value

The current guideline value of Thirumalai Nagar Extn is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thirumalai Nagar Extn has changed

The guideline value for Thirumalai Nagar Extn has remained stable at Rs 1,200 per sq.ft from the 2023 revision to the 2024 revision. Prior to this, the guideline value was Rs 804 per sq.ft in the 2017 revision, marking a significant increase of 49% over the six-year period from 2017 to 2023, where it also stood at Rs 1,200 per sq.ft.

There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, placing Thirumalai Nagar Extn's 2024 figure below this median.

• Thirumalai Nagar: Rs 1,200 per sq.ft (2024)
• Thiruppur Kumaran Street: Rs 2,001 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 1,200 per sq.ft (2024)
• Thiruvalluvar Nagar Ext.: Rs 1,200 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,200 per sq.ft (2024)
• Thiru-Vi-Ka Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalai Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirumalai Nagar Extn?

The Sub Registrar Office that covers Thirumalai Nagar Extn is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO here.

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

The guideline value is a crucial factor during the registration of property transactions in Gooduvancheri. It determines the stamp duty and registration fees that must be paid, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value serves as a benchmark for the minimum value at which a property can be registered. This ensures transparency in property transactions and helps in preventing undervaluation of properties.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar Extn?

The current guideline value of Thirumalai Nagar Extn is Rs 1,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft from 2023 to 2024, while it increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, marking a 49% increase over that period.

What is the land classification for Thirumalai Nagar Extn?

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

Where can I find the registration office for Thirumalai Nagar Extn?

The registration office for Thirumalai Nagar Extn is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for property in Thirumalai Nagar Extn?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the stamp duty would amount to Rs 84,000.