Guideline Value for Thirumalai Nagar

Thirumalai Nagar guideline value

The current guideline value of Thirumalai Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Adhanoor village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Thirumalai Nagar has changed

Over the years, the guideline value of Thirumalai Nagar has seen several revisions. The earliest recorded figure in 2007 was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision. However, this value decreased to Rs 670 per sq.ft in 2017. The most recent revisions in 2023 and 2024 have maintained the guideline value at Rs 1,000 per sq.ft, showing no change from the previous year.

From 2017 to 2023, there was a notable increase of 49%, while the jump from 2007 to 2012 represented a 400% rise. Overall, from 2007 to 2024, the guideline value has increased by 400%. For the years 2002 and 2003, the register has no figure for this street.

Guideline values in Adhanoor

Adhanoor village has a total of 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median value is Rs 1,000 per sq.ft, which is the same as the guideline value for Thirumalai Nagar.

• Thirumalai Avenue: Rs 1,000 per sq.ft (2024)
• Thirumurugan Nagar Part-I,II: Rs 1,000 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 1,000 per sq.ft (2024)
• Thangaiya Garden: Rs 2,239 per sq.ft (2024)
• Tara Nagar I-III: Rs 1,000 per sq.ft (2024)
• Sun City: Rs 1,941 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty, calculated at 7%, would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, leading to a total of Rs 90,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thirumalai Nagar?

The Sub Registrar Office that covers Thirumalai Nagar 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 for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Adhanoor. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. This helps maintain transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar?

The current guideline value of Thirumalai Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most significant increase from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, and then a decrease to Rs 670 per sq.ft in 2017. It has remained at Rs 1,000 per sq.ft since 2023.

Which Sub Registrar Office covers Thirumalai Nagar?

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

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

For a 1,000 sq.ft plot valued at Rs 1,000 per sq.ft, the total guideline value is Rs 10,00,000. The stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

What is the land classification for Thirumalai Nagar?

The land classification for Thirumalai Nagar is Residential Special Type - I, indicating its designation for residential use.