Guideline Value for Thirumalai Nagar

Thirumalai Nagar guideline value

The current guideline value of Thirumalai Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024. This area is located in Anakaputhur village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Thirumalai Nagar has changed

The guideline value for Thirumalai Nagar has seen significant changes over the years. In 2002, the value was Rs 215 per sq.ft, which increased to Rs 156 per sq.ft in 2003, marking a decrease of 27%. The subsequent revisions saw an increase to Rs 385 per sq.ft in 2007, followed by a substantial rise to Rs 1,072 per sq.ft in 2017, reflecting a growth of 178%. The guideline value further increased to Rs 1,600 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 1,760 per sq.ft, which is a 10% increase from the previous year. The register has no figure for this street in 2012.

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, with a median value of Rs 1,980 per sq.ft. The guideline value for Thirumalai Nagar is below this median.

• Thirumalai Nagar IIndStreet: Rs 1,760 per sq.ft (2024)
• Thirumalai Nagar Ist Street: 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

For a 1,000 sq.ft plot at the current rate of Rs 1,760 per sq.ft, the 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, making the total Rs 1,58,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can 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 Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Anakaputhur. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately for legal and taxation purposes.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers must be aware that these costs are based on the higher of the guideline value or the sale price, which can affect the overall expenses involved in the transaction.

Frequently asked questions

What is the current guideline value for Thirumalai Nagar?

The current guideline value for Thirumalai Nagar 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 215 per sq.ft in 2002 to Rs 1,760 per sq.ft in 2024, showing an overall increase of 719% over the years.

What is the median guideline value in Anakaputhur?

The median guideline value in Anakaputhur is Rs 1,980 per sq.ft, with Thirumalai Nagar's value being below this median.

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.

How is the 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, a property valued at Rs 17,60,000 would incur a stamp duty of Rs 1,23,200 at the rate of 7%.