Guideline Value for Thirumalai Nagar IIndStreet

Thirumalai Nagar IIndStreet guideline value

The current guideline value of Thirumalai Nagar IIndStreet is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thirumalai Nagar IIndStreet has changed

The guideline value for Thirumalai Nagar IIndStreet has undergone several revisions over the years. The 2017 revision set the value at Rs 1,072 per sq.ft, which increased to Rs 1,600 per sq.ft in 2023, marking a significant increase of 49%. The latest revision in 2024 raised the value to Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Thirumalai Nagar IIndStreet's 2024 figure below that median.

• Thirumalai Nagar Ist Street: Rs 1,760 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,760 per sq.ft (2024)
• Thiru Nagar: Rs 1,760 per sq.ft (2024)
• Thiru Nagar 2nd Street: Rs 1,760 per sq.ft (2024)
• Thiru Nagar 3rd Street: Rs 1,760 per sq.ft (2024)
• Thiru Nagar 4th Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalai Nagar IIndStreet

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to Rs 1,58,400. It is essential to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirumalai Nagar IIndStreet?

The Sub Registrar Office that covers Thirumalai Nagar IIndStreet is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is important to consider the guideline value, as it can influence the overall costs involved in the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar IIndStreet?

The current guideline value of Thirumalai Nagar IIndStreet is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,072 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2023, and then to Rs 1,760 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What other streets have the same guideline value in Anakaputhur?

Other streets in Anakaputhur with the same guideline value of Rs 1,760 per sq.ft in 2024 include Thirumalai Nagar Ist Street, Thirumalai Nagar, Thiru Nagar, Thiru Nagar 2nd Street, Thiru Nagar 3rd Street, and Thiru Nagar 4th Street.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 17,60,000. The stamp duty at 7% is Rs 1,23,200, and the registration fee at 2% is Rs 35,200, totaling Rs 1,58,400 for these fees.

Which office handles registrations for Thirumalai Nagar IIndStreet?

The Pammal Sub Registrar Office is responsible for handling registrations for Thirumalai Nagar IIndStreet, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.