Guideline Value for Thirumurugan Nagar Road ( Ward No.10 )

Thirumurugan Nagar Road ( Ward No.10 ) guideline value

The current guideline value for Thirumurugan Nagar Road ( Ward No.10 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This road is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Thirumurugan Nagar Road ( Ward No.10 ) has changed

The guideline value for Thirumurugan Nagar Road ( Ward No.10 ) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, an increase from Rs 1,200 per sq.ft in the 2012 revision, marking an 8% rise. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

In summary, the 2012 revision was the last recorded value prior to 2024, and it reflects the only change noted in the guideline value for this street. The guideline value has remained consistent at Rs 1,300 per sq.ft since the 2024 revision.

Guideline values in Madhavaram

In Madhavaram, there are a total of 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, indicating that the guideline value for Thirumurugan Nagar Road ( Ward No.10 ) is below this median.

• Thirumurugan Nagar (Ward-10): Rs 1,300 per sq.ft (2024)
• Thirumurugan Nagar: Rs 1,300 per sq.ft (2024)
• Thirumurugan 2nd Street (Ward 10): Rs 1,300 per sq.ft (2024)
• Thirumurugan 1st Street (Ward 10): Rs 1,300 per sq.ft (2024)
• Thirumangalam Nagar (Vinayagapuram): Rs 1,300 per sq.ft (2024)
• Thirumal Nagar (Vinayagapuram): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumurugan Nagar Road ( Ward No.10 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Thirumurugan Nagar Road ( Ward No.10 )?

The Sub Registrar Office that covers Thirumurugan Nagar Road ( Ward No.10 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring compliance with legal requirements during the sale or purchase process.

When you buy or sell property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential components of the overall transaction costs. This value is particularly important for both buyers and sellers to understand their financial obligations during the property registration process.

Frequently asked questions

What is the current guideline value for Thirumurugan Nagar Road ( Ward No.10 )?

The current guideline value for Thirumurugan Nagar Road ( Ward No.10 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for this road was Rs 1,200 per sq.ft in the 2012 revision, and it increased to Rs 1,300 per sq.ft in the 2024 revision, marking an 8% rise. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Thirumurugan Nagar Road?

Thirumurugan Nagar Road is classified as Residential Class III Type - I, indicating its suitability for residential development and usage.

What are the guideline values for other streets in Madhavaram?

Other streets in Madhavaram have varying guideline values, with the median being Rs 1,600 per sq.ft. For example, Thirumal Nagar (Vinayagapuram) has a guideline value of Rs 1,600 per sq.ft, while several other streets including Thirumurugan Nagar (Ward-10) have a value of Rs 1,300 per sq.ft.

Where can I find the Sub Registrar Office for Thirumurugan Nagar Road?

The Sub Registrar Office covering Thirumurugan Nagar Road ( Ward No.10 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles all registration processes for properties in the area.