Guideline Value

Corporate

Guideline Value for Thirumalai Nagar

₹275/sq.ft.

The guideline value for Thirumalai Nagar in Perungavur village (Redhills SRO, Chennai zone) is Rs 275 per sq.ft, effective 1 July 2024. It was Rs 250 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungavur

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹275 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹11 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thirumalai Nagar

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Thirumalai Nagar guideline value

The current guideline value of Thirumalai Nagar is Rs 275 per sq.ft, effective from 1 July 2024. This area is located in Perungavur village under the Redhills 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 undergone several revisions over the years. Starting from the 2003 revision, the guideline value was Rs 11 per sq.ft. It saw a significant increase to Rs 200 per sq.ft in 2007, followed by an increase to Rs 250 per sq.ft in 2012. However, it decreased to Rs 167 per sq.ft in 2017. The 2023 revision raised it to Rs 250 per sq.ft, and the current 2024 revision has further increased it to Rs 275 per sq.ft. The register has no figure for this street for the year 2002.

Between these revisions, there have been notable changes. From 2003 to 2007, the guideline value increased by 1718%. From 2007 to 2012, it rose by 25%, but then dropped by 33% from 2012 to 2017. The value surged by 50% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 2400%.

Guideline values in Perungavur

In Perungavur village, there are 79 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 275 per sq.ft, which is the same as the guideline value for Thirumalai Nagar.

Stamp duty and registration fee for property in Thirumalai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value would be Rs 2,75,000. The stamp duty at 7% would amount to Rs 19,250, and the registration fee at 2% would be Rs 5,500, bringing the total fees together to Rs 24,750. 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 information.

Which Sub Registrar Office covers Thirumalai Nagar?

The Sub Registrar Office that covers Thirumalai Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Perungavur. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. It serves as a benchmark for determining the minimum value at which a property can be registered.

During the registration process, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar?

The current guideline value of Thirumalai Nagar is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 11 per sq.ft in 2003 to Rs 275 per sq.ft in 2024, with various increases and decreases in between.

What are the other streets in Perungavur with their guideline values?

Other streets in Perungavur include Thirumalai Nagar Annex at Rs 275 per sq.ft, Thirupathi Nagar and Thirupathi Nagar Annex at Rs 220 per sq.ft, and Thiruvalluvar Street, Super Luck City Annex, and Super Luck City at Rs 385 per sq.ft.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated in Thirumalai Nagar?

Stamp duty in Thirumalai Nagar is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,75,000, the stamp duty would be Rs 19,250 at 7%.