Guideline Value for Thirumalai Nagar Ist Street

Thirumalai Nagar Ist Street guideline value

The current guideline value for Thirumalai Nagar Ist Street is Rs 1,760 per sq.ft. 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 Ist Street has changed

The guideline value for Thirumalai Nagar Ist Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,760 per sq.ft, which is a 10% increase from the 2023 figure of Rs 1,600 per sq.ft. Looking back further, the 2017 revision recorded a guideline value of Rs 1,072 per sq.ft, reflecting a significant increase of 49% to the 2023 value. The overall change from 2017 to 2024 is an increase of 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 that carry 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 Ist Street's 2024 figure below that median.

• Thirumalai Nagar IInd 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 Ist Street

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 fees together to Rs 1,58,400. 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 information.

Which Sub Registrar Office covers Thirumalai Nagar Ist Street?

The Thirumalai Nagar Ist Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected based on the established rates. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Thirumalai Nagar Ist Street?

The current guideline value for Thirumalai Nagar Ist Street 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 increased from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the other streets with the same guideline value in Anakaputhur?

Other streets in Anakaputhur, such as Thirumalai Nagar IInd Street, Thirumalai Nagar, Thiru Nagar, and others, also have a guideline value of Rs 1,760 per sq.ft for 2024.

What is the registration fee for property in Thirumalai Nagar Ist Street?

The registration fee for property in Thirumalai Nagar Ist Street is calculated based on the guideline value. For a property valued at Rs 17,60,000, the registration fee would be Rs 35,200.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.