Guideline Value for Thirumurugan Nagar

Thirumurugan Nagar guideline value

The current guideline value of Thirumurugan Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is part of Madipakkam-1 village under the Velacheri SRO and is classified as Residential Class II Type - II.

How the guideline value of Thirumurugan Nagar has changed

The guideline value for Thirumurugan Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 1,005 per sq.ft. The latest revision in 2024 has increased this to Rs 1,650 per sq.ft, marking a change of +64% from the previous figure.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 in the register for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, placing Thirumurugan Nagar's 2024 figure below that median.

• Thirumurgan Street: Rs 1,650 per sq.ft (2024)
• Thirumurugan Street, Sakthi Nagar Extension: Rs 2,200 per sq.ft (2024)
• Thirumoolar Street: Rs 3,850 per sq.ft (2024)
• Thirumalai Street: Rs 1,650 per sq.ft (2024)
• Thirupukazh Street: Rs 3,850 per sq.ft (2024)
• ThiruGnana Sambandam Street/Srinivasa Nagar: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumurugan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirumurugan Nagar?

The Sub Registrar Office covering Thirumurugan Nagar is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, visit find your SRO.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor in the registration process for property transactions in Madipakkam-1. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Thirumurugan Nagar?

The current guideline value of Thirumurugan Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,650 per sq.ft, which is a change of +64%.

Are there any revisions without figures for Thirumurugan Nagar?

Yes, the register has no figures for Thirumurugan Nagar for the years 2023, 2012, 2007, 2003, and 2002.

What is the median guideline value in Madipakkam-1?

The median guideline value for streets in Madipakkam-1 is Rs 2,750 per sq.ft, which is above the current value for Thirumurugan Nagar.

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

The Sub Registrar Office for Thirumurugan Nagar is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.