Guideline Value for Thirumalai Nagar

Thirumalai Nagar guideline value

The current guideline value of Thirumalai Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in 5. Athipattu village under the Konnur SRO, classified as Residential Class II Type - II.

How the guideline value of Thirumalai Nagar has changed

The guideline value for Thirumalai Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the guideline value to Rs 1,300 per sq.ft, reflecting an increase of 8% from the previous year.

From 2017 to 2023, the guideline value saw a significant rise of 49%. Overall, from 2017 to 2024, the increase amounts to 62%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 5. Athipattu

In 5. Athipattu village, the guideline values for 119 streets under the Konnur SRO range from Rs 1,100 to Rs 7,650 per sq.ft, with a median value of Rs 2,200 per sq.ft. Thirumalai Nagar's 2024 guideline value is below this median.

• Thirupathi Elumalai Street: Rs 1,600 per sq.ft (2024)
• Thirupathi Kudai Salai: Rs 1,600 per sq.ft (2024)
• Thirupur Kumaran Street: Rs 1,300 per sq.ft (2024)
• The chennai newcity EXTN: Rs 2,200 per sq.ft (2024)
• The Chennai New City: Rs 1,600 per sq.ft (2024)
• Tharangini Appartment: Rs 3,600 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 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumalai Nagar?

The Sub Registrar Office that covers Thirumalai Nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a crucial factor in the registration process when buying or selling property in 5. Athipattu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the applicable duties and fees. This ensures that the transaction is recorded at a value that reflects the current market conditions as assessed by the local authorities.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar?

The current guideline value of Thirumalai Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, reflecting a total increase of 62% over this period.

What are the guideline values for other streets in 5. Athipattu?

Other streets in 5. Athipattu have varying guideline values, ranging from Rs 1,100 to Rs 7,650 per sq.ft. For example, Thirupathi Elumalai Street and Thirupathi Kudai Salai both have a guideline value of Rs 1,600 per sq.ft in 2024.

What fees are associated with property registration in Thirumalai Nagar?

When registering property in Thirumalai Nagar, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

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

The Konnur Sub Registrar Office covers Thirumalai Nagar and is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.