Guideline Value for Thirumalai Nagar Kiqraj Manosarovar

Thirumalai Nagar Kiqraj Manosarovar guideline value

The current guideline value of Thirumalai Nagar Kiqraj Manosarovar is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in Thiruneermalai village under the Pammal SRO and is classified as Residential Class I Type - II.

How the guideline value of Thirumalai Nagar Kiqraj Manosarovar has changed

The guideline value for Thirumalai Nagar Kiqraj Manosarovar has seen several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, 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 Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 6,240 per sq.ft in 2024. The median guideline value for the village is Rs 2,420 per sq.ft, placing Thirumalai Nagar Kiqraj Manosarovar's 2024 figure below this median.

• Thirumal Nagar: Rs 2,200 per sq.ft (2024)
• Thirumangaialwarpuram: Rs 1,320 per sq.ft (2024)
• Thirumangaiyalvarpuram, Ambedkar Salai: Rs 1,320 per sq.ft (2024)
• Thirumangaiyalvarpuram, Jagajeevanram Street: Rs 1,320 per sq.ft (2024)
• Thirumangaiyalvarpuram, Thangavel Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalai Nagar Kiqraj Manosarovar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thirumalai Nagar Kiqraj Manosarovar?

The Sub Registrar Office that covers Thirumalai Nagar Kiqraj Manosarovar 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 details.

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

The guideline value plays a crucial role during the registration of property transactions in Thiruneermalai. It serves as a basis for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This process helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar Kiqraj Manosarovar?

The current guideline value of Thirumalai Nagar Kiqraj Manosarovar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, representing an overall increase of 64%.

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

For a property valued at Rs 22,00,000, the stamp duty at 7% is Rs 1,54,000, and the registration fee at 2% is Rs 44,000, totaling Rs 1,98,000.

Where is the Sub Registrar Office for Thirumalai Nagar Kiqraj Manosarovar located?

The Sub Registrar Office for Thirumalai Nagar Kiqraj Manosarovar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used as the basis for calculating stamp duty and registration fees during property transactions. It is compared to the sale price, and the higher value is used for fee calculations.