Guideline Value for Thiruneelaganda Nagar 3rd Part

Thiruneelaganda Nagar 3rd Part guideline value

The current guideline value of Thiruneelaganda Nagar 3rd Part is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Puzhal village and falls under the Redhills SRO. The land classification is Residential Class I Type - I.

How the guideline value of Thiruneelaganda Nagar 3rd Part has changed

The guideline value for Thiruneelaganda Nagar 3rd Part has seen several revisions over the years. In 2002, the guideline value was Rs 756 per sq.ft, which increased to Rs 78 per sq.ft in 2003. The value then rose significantly to Rs 300 per sq.ft in 2007, followed by a substantial increase to Rs 1,500 per sq.ft in 2012. However, it dropped to Rs 1,005 per sq.ft in 2017. The 2023 revision saw the value increase to Rs 1,500 per sq.ft, and the most recent revision in 2024 set it at Rs 1,650 per sq.ft.

The changes between the revisions are notable. From 2002 to 2003, there was a decrease of 90%. The value then increased by 285% from 2003 to 2007, followed by a 400% rise from 2007 to 2012. After a decrease of 33% from 2012 to 2017, the value increased by 49% from 2017 to 2023. Finally, there was a 10% increase from 2023 to 2024.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 1,102 per sq.ft, making the Thiruneelaganda Nagar 3rd Part guideline value above that median.

• Thiruneelaganda Nagar 1st Part: Rs 1,650 per sq.ft (2024)
• Thiruneelaganda Nagar IInd Part: Rs 1,650 per sq.ft (2024)
• Thiruneelaganda Nagar: Rs 1,650 per sq.ft (2024)
• Thiruppur Kumaran Street: Rs 1,100 per sq.ft (2024)
• Thirupur Kumaran 2nd Street: Rs 1,100 per sq.ft (2024)
• Thirupur Kumaran First Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruneelaganda Nagar 3rd Part

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 be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the 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 information.

Which Sub Registrar Office covers Thiruneelaganda Nagar 3rd Part?

The Thiruneelaganda Nagar 3rd Part is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puzhal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is compliant with local regulations. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the property transfer process.

Frequently asked questions

What is the current guideline value of Thiruneelaganda Nagar 3rd Part?

The current guideline value of Thiruneelaganda Nagar 3rd Part is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 756 per sq.ft in 2002 to Rs 1,650 per sq.ft in 2024, with various increases and decreases in between, including a notable rise of 400% from 2007 to 2012.

What is the registration office for Thiruneelaganda Nagar 3rd Part?

The Redhills Sub Registrar Office covers Thiruneelaganda Nagar 3rd Part, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Thiruneelaganda Nagar 3rd Part?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 1,15,500.

Are there other streets in Puzhal with similar guideline values?

Yes, other streets in Puzhal also have similar guideline values. For instance, Thiruneelaganda Nagar 1st Part and Thiruneelaganda Nagar IInd Part both have a guideline value of Rs 1,650 per sq.ft in 2024.