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 area falls under Vadathavoor village and is governed by the Uthiramerur SRO. The land classification for this locality is Residential Class III Type - III.

How the guideline value of Thirupathi Nagar has changed

The guideline value for Thirupathi Nagar has remained at Rs 300 per sq.ft for the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

Since the 2023 revision, there has been no change in the guideline value, maintaining the rate at Rs 300 per sq.ft. This consistency indicates stability in the valuation for this area over the past two years.

Guideline values in Vadathavoor

Currently, there are no village figures provided for Vadathavoor. Thirupathi Nagar is the only street mentioned in this context.

Stamp duty and registration fee for property in Thirupathi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, leading to a total of Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, 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 Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Vadathavoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is aligned with the official valuation set by the authorities.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can impact the overall cost of 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 remained at Rs 300 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the higher of the guideline value or the sale price.

Which office handles property registrations in Thirupathi Nagar?

The Uthiramerur Sub Registrar Office handles property registrations in Thirupathi Nagar. The office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors, including land classification. It serves as a reference point for property transactions and is updated periodically to reflect changes in the market.