Guideline Value for Thirumuruga Variyar Nagar

Thirumuruga Variyar Nagar guideline value

The current guideline value of Thirumuruga Variyar Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Vallam_B village under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Thirumuruga Variyar Nagar has changed

The guideline value for Thirumuruga Variyar Nagar has remained consistent at Rs 400 per sq.ft for both the 2023 and 2024 revisions. Prior to this, the 2017 revision recorded a guideline value of Rs 268 per sq.ft, reflecting a significant increase of 49% from 2017 to 2023 and maintaining the same value in 2024.

There are no guideline value figures available for the years 2002, 2003, 2007, and 2012 for this street. The overall change from the 2017 revision to the 2024 revision is also a 49% increase.

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,950 per sq.ft. The median value among these streets is Rs 400 per sq.ft, which aligns with the guideline value of Thirumuruga Variyar Nagar.

• Thirumurugan Nagar: Rs 400 per sq.ft (2024)
• Thideer Nagar Cross Street: Rs 150 per sq.ft (2024)
• Thideer Nagar 1st Street: Rs 200 per sq.ft (2024)
• Thideer Nagar: Rs 200 per sq.ft (2024)
• Temple Town: Rs 400 per sq.ft (2024)
• Vallakottai Murugan Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumuruga Variyar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, resulting in a total of Rs 36,000. It is important 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 detailed calculations.

Which Sub Registrar Office covers Thirumuruga Variyar Nagar?

The Sub Registrar Office that covers Thirumuruga Variyar Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vallam_B. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the government records.

When you proceed with a property transaction, the guideline value will be used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value of Thirumuruga Variyar Nagar?

The current guideline value of Thirumuruga Variyar Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49% from Rs 268 per sq.ft to Rs 400 per sq.ft in both the 2023 and 2024 revisions.

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

Other streets in Vallam_B include Thirumurugan Nagar, Thideer Nagar Cross Street, Thideer Nagar 1st Street, Thideer Nagar, Temple Town, and Vallakottai Murugan Nagar, with varying guideline values from Rs 150 to Rs 400 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Thirumuruga Variyar Nagar?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles property registrations in Thirumuruga Variyar Nagar?

The Sriperumpudur Sub Registrar Office handles property registrations in Thirumuruga Variyar Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.