Guideline Value for Thirumoorthy Nagar

Thirumoorthy Nagar guideline value

The current guideline value of Thirumoorthy Nagar is Rs 950 per sq.ft, effective from 1 July 2024. This area is located in Chembakkam village under the Selaiyur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Thirumoorthy Nagar has changed

The guideline value for Thirumoorthy Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which was then decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased to Rs 900 per sq.ft in the 2023 revision and is now Rs 950 per sq.ft as of the 2024 revision.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, and by 6% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 850 to Rs 6,700 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Thirumoorthy Nagar is below this median.

• Thirumoorthy Nagar Extn: Rs 950 per sq.ft (2024)
• Thirumalai Nagar Part: Rs 2,700 per sq.ft (2024)
• Thirumalai Nagar Main Road: Rs 2,700 per sq.ft (2024)
• Thirunavokarasu Street: Rs 1,600 per sq.ft (2024)
• Thirumalai Nagar Extension 6th Cross Street: Rs 2,700 per sq.ft (2024)
• Thirunavukarasu Street Extn: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumoorthy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, bringing the total fees to Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thirumoorthy Nagar?

The Sub Registrar Office covering Thirumoorthy Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value serves as a benchmark for property transactions in Chembakkam. It is used to calculate the stamp duty and registration fees that must be paid during the registration of property transactions.

When buying or selling property, it is essential to be aware of the guideline value as it can impact the overall costs involved in the transaction. The guideline value ensures that the property is assessed fairly for taxation purposes.

Frequently asked questions

What is the current guideline value of Thirumoorthy Nagar?

The current guideline value of Thirumoorthy Nagar is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and is now Rs 950 per sq.ft in 2024.

What is the land classification of Thirumoorthy Nagar?

Thirumoorthy Nagar is classified as Residential Class IV Type - I.

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

The Sub Registrar Office for Thirumoorthy Nagar is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Thirumoorthy Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000.