Guideline Value for Thirumurugan nagar

Thirumurugan nagar guideline value

The current guideline value of Thirumurugan nagar is Rs 401 per sq.ft, effective from 1 July 2024. This area falls under the Arani_Tiruvallur Sub Registrar Office and is classified as Residential Class I Type - III.

How the guideline value of Thirumurugan nagar has changed

Looking at the revisions, the guideline value for Thirumurugan nagar has been consistent at Rs 401 per sq.ft for both the 2023 and 2024 revisions. The register has no figure for the years 2017, 2012, 2007, 2003, and 2002, indicating that there were no recorded changes for those years.

From the 2023 revision to the 2024 revision, there has been no change in the guideline value, remaining at Rs 401 per sq.ft. This stability suggests that the valuation for this area has not fluctuated between these two revisions.

Guideline values in Krishnapuram Kandigai

There are no specific village figures available for Krishnapuram Kandigai. Currently, Thirumurugan nagar is the only street under the Arani_Tiruvallur SRO with a guideline value listed.

Stamp duty and registration fee for property in Thirumurugan nagar

For a 1,000 sq.ft plot at the current rate of Rs 401 per sq.ft, the guideline value amounts to Rs 4,01,000. The stamp duty at 7% would be Rs 28,070, and the registration fee at 2% would be Rs 8,020, totaling Rs 36,090. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumurugan nagar?

The Sub Registrar Office that covers Thirumurugan nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of properties in Thirumurugan nagar. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to determine the minimum value at which the property can be registered. This value is essential for both buyers and sellers to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Thirumurugan nagar?

The current guideline value of Thirumurugan nagar is Rs 401 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2023 revision to the 2024 revision, the guideline value has remained unchanged at Rs 401 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the classification of land in Thirumurugan nagar?

Thirumurugan nagar is classified as Residential Class I Type - III. This classification helps determine the guideline value and applicable regulations for property transactions in the area.

Where is the Arani_Tiruvallur SRO located?

The Arani_Tiruvallur Sub Registrar Office is located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101, Chennai registration zone.

How are stamp duty and registration fees calculated in Thirumurugan nagar?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot valued at Rs 401 per sq.ft would incur a total stamp duty and registration fee of Rs 36,090.