Guideline Value for Thirumalai Nagar

Thirumalai Nagar guideline value

The current guideline value of Thirumalai Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This village falls under the Kanchipuram Joint IV SRO and is classified as Residential Class II Type - I.

How the guideline value of Thirumalai Nagar has changed

The guideline value for Thirumalai Nagar has seen several revisions over the years. The earliest revision listed is from 2012, where the guideline value was Rs 800 per sq.ft. This figure remained until the next revision in 2017, where it dropped to Rs 536 per sq.ft, marking a decrease of 33%. Following this, the value increased significantly to Rs 800 per sq.ft in 2023, and then to Rs 880 per sq.ft in 2024, representing a 10% increase.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ist Division

In the Ist Division under the Kanchipuram Joint IV SRO, there are 79 streets with a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft. The median value is Rs 880 per sq.ft, which is the same as the guideline value for Thirumalai Nagar.

• Thirukatchi Nambi Street: Rs 3,300 per sq.ft (2024)
• Thirawpathi Nagar: Rs 880 per sq.ft (2024)
• Thendai Mada Veethi: Rs 1,650 per sq.ft (2024)
• Thiruppukudal Street: Rs 1,100 per sq.ft (2024)
• Thiru Solai Street: Rs 1,100 per sq.ft (2024)
• Thiruvenkadam Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalai Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirumalai Nagar?

The Sub Registrar Office that covers Thirumalai Nagar is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Ist Division. It is used to determine the stamp duty and registration fees payable at the time of property registration.

When buying or selling property, the guideline value is compared to the sale price, and the duty is charged on the higher of the two amounts. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar?

The current guideline value of Thirumalai Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 in 2012 to Rs 536 in 2017, then to Rs 800 in 2023, and finally to Rs 880 in 2024. This reflects both increases and decreases over the years.

What is the land classification of Thirumalai Nagar?

Thirumalai Nagar is classified as Residential Class II Type - I. This classification indicates the type of development allowed in the area.

Where can I find the Sub Registrar Office for Thirumalai Nagar?

The Kanchipuram Joint IV Sub Registrar Office covers Thirumalai Nagar, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is stamp duty calculated for properties in Thirumalai Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 8,80,000, the total stamp duty and registration fees would amount to Rs 79,200.