Guideline Value

Corporate

Guideline Value for Thirumugan Nagar

₹440/sq.ft.

The guideline value for Thirumugan Nagar in Payasampakkam village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 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

Payasampakkam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹22 /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 Thirumugan Nagar

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Thirumugan Nagar guideline value

The current guideline value of Thirumugan Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Payasampakkam village, under the Redhills SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thirumugan Nagar has changed

The guideline value for Thirumugan Nagar has seen several revisions over the years. In 2003, the value was Rs 22 per sq.ft, which increased significantly to Rs 200 per sq.ft in 2007. This marked a substantial rise of 809%. The value then doubled to Rs 400 per sq.ft in 2012, but saw a decrease of 33% to Rs 268 per sq.ft in 2017. Following this, the value rose by 49% to Rs 400 per sq.ft in 2023, and finally increased by 10% to the current rate of Rs 440 per sq.ft in 2024.

It is important to note that there is no figure available for Thirumugan Nagar in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 1900%.

Guideline values in Payasampakkam

In Payasampakkam, there are 20 streets under the Redhills SRO that have a guideline value for 2024, ranging from Rs 330 to Rs 660 per sq.ft. The median value is Rs 550 per sq.ft, positioning Thirumugan Nagar's current guideline value below this median.

Stamp duty and registration fee for property in Thirumugan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty, calculated at 7%, would be Rs 30,800, while the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Thirumugan Nagar?

The Sub Registrar Office that covers Thirumugan Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Payasampakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When a property is sold, the guideline value is used to determine the applicable fees, which helps maintain transparency in property transactions. Buyers and sellers should be aware of the guideline value to accurately estimate their expenses during the registration process.

Frequently asked questions

What is the current guideline value of Thirumugan Nagar?

The current guideline value of Thirumugan Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 22 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 1900% over this period.

What is the stamp duty for property in Thirumugan Nagar?

The stamp duty for property in Thirumugan Nagar is calculated at 7% of the guideline value. For a plot valued at Rs 4,40,000, the stamp duty would be Rs 30,800.

Which Sub Registrar Office is responsible for Thirumugan Nagar?

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

What are the other streets in Payasampakkam with guideline values?

Other streets in Payasampakkam include Thirupathi Nagar, Thiruppathi Nagar Extn., TamilNadu Dyes & Chemicals Merchants Association, Subhash Nagar, Subash Nagar Annex II, and Subash Nagar Annex, each with varying guideline values for 2024.