Guideline Value for Thirupathi Nagar

Thirupathi Nagar guideline value

The current guideline value of Thirupathi Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Navaloor village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thirupathi Nagar has changed

The guideline value for Thirupathi Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49% back to Rs 300 per sq.ft, and this figure was maintained in the 2024 revision.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 300 per sq.ft.

Guideline values in Navaloor

In Navaloor, there are 26 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,100 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which is equal to the 2024 guideline value of Thirupathi Nagar.

• Vanniyar Street: Rs 150 per sq.ft (2024)
• Sriperumpudur Royal Lands Co-Op Maha Nagar: Rs 610 per sq.ft (2024)
• Vimal Nagar: Rs 300 per sq.ft (2024)
• Vishnupriya Nagar: Rs 150 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 450 per sq.ft (2024)
• Sivam Nagar Part -II: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Thirupathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total fees Rs 27,000. It is important to note that the 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 Thirupathi Nagar?

The Sub Registrar Office that covers Thirupathi Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process for buying or selling property in Navaloor. It determines the minimum price at which a property can be registered, ensuring that the government receives the appropriate stamp duty based on this value.

When a property transaction occurs, the guideline value helps in assessing the applicable fees, including stamp duty and registration charges. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal and financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Thirupathi Nagar?

The current guideline value of Thirupathi Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023 and 2024, with no changes from 2023 to 2024.

What other streets have guideline values in Navaloor?

Other streets in Navaloor have a range of guideline values from Rs 150 to Rs 1,100 per sq.ft. The median value among these streets is Rs 300 per sq.ft.

What fees are associated with buying property in Thirupathi Nagar?

When buying property in Thirupathi Nagar, the total fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Thirupathi Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.