Guideline Value for Thirupathi Nagar

Thirupathi Nagar guideline value

The current guideline value of Thirupathi Nagar, located in Puthagaram village under the Ambattur SRO, is Rs 1,900 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Thirupathi Nagar has changed

The guideline value for Thirupathi Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,900 per sq.ft, an increase from Rs 1,800 per sq.ft in the 2023 revision, marking a 6% rise. Prior to that, the 2017 revision recorded a value of Rs 1,206 per sq.ft, which reflects a significant increase of 49% from the 2017 figure to the 2023 figure. The 2012 revision also had a value of Rs 1,800 per sq.ft, showing a decrease of 33% when compared to the 2017 revision. Overall, from 2012 to 2024, the guideline value has increased by 6%.

The register has no figure for this street in the years 2002, 2003, and 2007. The historical values indicate fluctuations in the guideline value over the years, with the current value aligning with the median of Rs 1,900 per sq.ft for other streets in Puthagaram.

Guideline values in Puthagaram

Puthagaram village has 140 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median value for these streets is Rs 1,900 per sq.ft, which is the same as the guideline value for Thirupathi Nagar. Below are the guideline values for other streets in Puthagaram:

• Thiruvallur Street (Colony): Rs 1,200 per sq.ft (2024)
• Thirumal Nagar Extn (Part III): Rs 1,900 per sq.ft (2024)
• Thirumal Nagar Extn (Part II): Rs 1,900 per sq.ft (2024)
• Thirumal Nagar Extn (Part I): Rs 1,900 per sq.ft (2024)
• Thirumal Nagar: Rs 1,900 per sq.ft (2024)
• Thangavel Nagar: Rs 1,900 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 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty, calculated at 7%, would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, 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 Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Puthagaram. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation of the property.

It is essential for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process. This value is updated periodically, reflecting changes in the real estate market and local regulations.

Frequently asked questions

What is the current guideline value of Thirupathi Nagar?

The current guideline value of Thirupathi Nagar is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2023 to Rs 1,900 per sq.ft in 2024, and it was Rs 1,206 per sq.ft in 2017. The overall change from 2012 to 2024 is an increase of 6%.

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

For a 1,000 sq.ft property, the total guideline value is Rs 19,00,000. The stamp duty is Rs 1,33,000, and the registration fee is Rs 38,000, totaling Rs 1,71,000.

Which Sub Registrar Office covers Thirupathi Nagar?

The Ambattur Sub Registrar Office covers Thirupathi Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Thirupathi Nagar?

Thirupathi Nagar falls under the Residential Class I Type - I land classification, indicating its designation for residential use.