Guideline Value for Thirupathi Nagar Annex

Thirupathi Nagar Annex guideline value

The current guideline value of Thirupathi Nagar Annex is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Perungavur village and falls under the Redhills SRO. The land classification for this region is Residential Class III Type - I.

How the guideline value of Thirupathi Nagar Annex has changed

The guideline value of Thirupathi Nagar Annex has seen several revisions over the years. In the 2012 revision, the value was set at Rs 200 per sq.ft, which then decreased to Rs 134 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 200 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 220 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Perungavur

In Perungavur, there are 79 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft, with a median value of Rs 275 per sq.ft. Thirupathi Nagar Annex's guideline value is below this median.

• Thirupathi Nagar: Rs 220 per sq.ft (2024)
• Thirumalai Nagar Annex: Rs 275 per sq.ft (2024)
• Thirumalai Nagar: Rs 275 per sq.ft (2024)
• Thiruvalluvar Street: Rs 385 per sq.ft (2024)
• T.S. Ranga Rajan Nagar: Rs 275 per sq.ft (2024)
• Super Luck City Annex: Rs 385 per sq.ft (2024)

Stamp duty and registration fee for property in Thirupathi Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, totaling Rs 19,800. 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 Thirupathi Nagar Annex?

The Sub Registrar Office that covers Thirupathi Nagar Annex is 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 information.

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

The guideline value plays a crucial role in property transactions in Perungavur. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to assess the applicable fees. This value can influence the overall cost of the transaction, making it essential for both parties to be aware of the current rates.

Frequently asked questions

What is the current guideline value of Thirupathi Nagar Annex?

The current guideline value of Thirupathi Nagar Annex is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then increased to Rs 200 per sq.ft in 2023, and finally to Rs 220 per sq.ft in 2024.

What is the median guideline value in Perungavur?

The median guideline value in Perungavur is Rs 275 per sq.ft, while Thirupathi Nagar Annex's guideline value is below this median.

What are the stamp duty and registration fees for Thirupathi Nagar Annex?

For a property valued at Rs 2,20,000, the stamp duty would be Rs 15,400 and the registration fee would be Rs 4,400, totaling Rs 19,800.

Where is the Sub Registrar Office for Thirupathi Nagar Annex located?

The Sub Registrar Office for Thirupathi Nagar Annex is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.