Guideline Value for Thirumalai Nagar Salai

Thirumalai Nagar Salai guideline value

The current guideline value of Thirumalai Nagar Salai is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village under the Pammal Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Thirumalai Nagar Salai has changed

The guideline value for Thirumalai Nagar Salai has seen several revisions over the years. In 2017, the guideline value was Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in 2023, marking a significant change of 49%. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. Thirumalai Nagar Salai's 2024 figure is below this median.

• Thirumenieshwarar Koil Street: Rs 1,100 per sq.ft (2024)
• Thirumalai Nagar 2nd Cross Street: Rs 1,100 per sq.ft (2024)
• Thirumalai Nagar 1st Street: Rs 1,100 per sq.ft (2024)
• Thiru Nagar: Rs 1,650 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,100 per sq.ft (2024)
• Thiruvalluvar Salai: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalai Nagar Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thirumalai Nagar Salai?

The Thirumalai Nagar Salai is covered by 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pozhichalur. It serves as the base value for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as determined by the state authorities.

When a property is sold, the guideline value helps in determining the minimum price at which the property can be registered. This ensures transparency and helps in preventing undervaluation during property transactions.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar Salai?

The current guideline value of Thirumalai Nagar Salai is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024. This represents an overall increase of 64% over the seven years.

What is the land classification of Thirumalai Nagar Salai?

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

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

The Pammal Sub Registrar Office, which covers Thirumalai Nagar Salai, is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Thirumalai Nagar Salai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.