Guideline Value for Thirumurugan Nagar Part-I,II

Thirumurugan Nagar Part-I,II guideline value

The current guideline value for Thirumurugan Nagar Part-I,II is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Adhanoor village under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Thirumurugan Nagar Part-I,II has changed

Over the years, the guideline value of Thirumurugan Nagar Part-I,II has seen several revisions. The 2007 revision set the value at Rs 300 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 233%. However, from 2012 to 2017, the value decreased by 33% to Rs 670 per sq.ft. The 2023 revision held the value steady at Rs 1,000 per sq.ft, and the upcoming 2024 revision will maintain this figure, showing no change from the previous year.

In summary, the guideline value has increased by 49% from 2017 to 2023 and has remained unchanged from 2023 to 2024. The overall change from the 2007 revision to the 2024 revision is an increase of 233%.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The guideline value for Thirumurugan Nagar Part-I,II is equal to the median value of Rs 1,000 per sq.ft. Below are the guideline values for other streets in Adhanoor:

• Thirumalai Nagar: Rs 1,000 per sq.ft (2024)
• Thirumalai Avenue: Rs 1,000 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 1,000 per sq.ft (2024)
• Thangaiya Garden: Rs 2,239 per sq.ft (2024)
• Tara Nagar I-III: Rs 1,000 per sq.ft (2024)
• Sun City: Rs 1,941 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumurugan Nagar Part-I,II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value is Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total fees together Rs 90,000. It is important to note that 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 details.

Which Sub Registrar Office covers Thirumurugan Nagar Part-I,II?

The Sub Registrar Office covering Thirumurugan Nagar Part-I,II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Adhanoor, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value ensures that both parties are aware of the official valuation set by the government.

Additionally, the guideline value affects the stamp duty and registration fees that buyers must pay during the registration process. It is essential for buyers to consider the guideline value when negotiating the sale price to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value for Thirumurugan Nagar Part-I,II?

The current guideline value for Thirumurugan Nagar Part-I,II is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and has remained at Rs 1,000 per sq.ft in 2023 and 2024.

What is the land classification for Thirumurugan Nagar Part-I,II?

Thirumurugan Nagar Part-I,II is classified as Residential Special Type - I.

What are the stamp duty and registration fees for property in Thirumurugan Nagar Part-I,II?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot at the current rate, the total fees would be Rs 90,000.

Which Sub Registrar Office covers this area?

The Gooduvancheri Sub Registrar Office covers Thirumurugan Nagar Part-I,II, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.