Guideline Value for Thirupathi Nagar

Thirupathi Nagar guideline value

The current guideline value of Thirupathi Nagar is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Kunnam village, under the Sunguvarchattram SRO, and is classified as Mixed Special Type - III.

How the guideline value of Thirupathi Nagar has changed

In the 2012 revision, the guideline value was set at Rs 650 per sq.ft. This was followed by a decrease in the 2017 revision, where the value dropped to Rs 435 per sq.ft, marking a decline of 33%. The subsequent revision in 2023 saw an increase to Rs 650 per sq.ft, and the current 2024 revision has further increased the value to Rs 660 per sq.ft, reflecting a rise of 2% from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 2%, with a significant rise of 49% from 2017 to 2023. The changes in guideline values highlight fluctuations over the years, with the most recent increase indicating a stabilizing trend in the area.

Guideline values in Kunnam

In Kunnam, there are 18 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 181 to Rs 660 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, placing Thirupathi Nagar's 2024 figure above this median.

• Star Lake Avenue: Rs 350 per sq.ft (2024)
• Srivari Nagar: Rs 350 per sq.ft (2024)
• SriSakthi Nagar: Rs 350 per sq.ft (2024)
• Solai Street: Rs 181 per sq.ft (2024)
• Road Street: Rs 250 per sq.ft (2024)
• Prabu metha nagar: Rs 200 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 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirupathi Nagar?

The Sub Registrar Office that covers Thirupathi Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Kunnam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is in line with government regulations.

When buying or selling property, the guideline value serves as a benchmark for the minimum price at which the property can be registered. This helps maintain transparency and fairness in property transactions, safeguarding both buyers and sellers.

Frequently asked questions

What is the current guideline value of Thirupathi Nagar?

The current guideline value of Thirupathi Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2012 to Rs 435 per sq.ft in 2017, then increased to Rs 650 per sq.ft in 2023, and is now Rs 660 per sq.ft in 2024.

What is the median guideline value for streets in Kunnam?

The median guideline value for the 18 streets in Kunnam under the Sunguvarchattram SRO is Rs 200 per sq.ft.

What are the stamp duty and registration fees for a property in Thirupathi Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total cost would be Rs 59,400, which includes stamp duty and registration fees based on the guideline value.

Where is the Sub Registrar Office for Thirupathi Nagar located?

The Sub Registrar Office for Thirupathi Nagar is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.