Guideline Value for Thirupathi Nagar

Thirupathi Nagar guideline value

The current guideline value of Thirupathi Nagar, located in Kolumanivakkam village under the Kunrathur SRO, is Rs 1,350 per sq.ft, effective from 1 July 2024. This area is classified as Mixed Special Type - I.

How the guideline value of Thirupathi Nagar has changed

The guideline value for Thirupathi Nagar has seen several revisions over the years. In 2007, the value was Rs 658 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012. However, there was a significant drop to Rs 804 per sq.ft in 2017. The value then rose to Rs 1,200 per sq.ft in 2023, before reaching the current figure of Rs 1,350 per sq.ft in 2024. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%. The guideline value increased by 13% from 2023 to 2024. Overall, from 2007 to 2024, the increase amounts to 105%, reflecting the changes in the area's valuation over the years.

Guideline values in Kolumanivakkam

In Kolumanivakkam, there are 47 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,290 per sq.ft. The median guideline value for these streets is Rs 1,350 per sq.ft, which is equal to the current guideline value of Thirupathi Nagar.

• Thirumal / Thirumalai Nagar: Rs 1,210 per sq.ft (2024)
• Suseelambal Nagar: Rs 1,210 per sq.ft (2024)
• Uday Nagar Part I: Rs 990 per sq.ft (2024)
• Sri Vijayalakshmi Nagar: Rs 880 per sq.ft (2024)
• Sri Thirupathi Nagar Phase II & III: Rs 1,350 per sq.ft (2024)
• Sri Ram Nagar: Rs 1,350 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 1,350 per sq.ft, the total guideline value amounts to Rs 13,50,000. The stamp duty at 7% would be Rs 94,500, and the registration fee at 2% would be Rs 27,000, totaling Rs 1,21,500. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Thirupathi Nagar?

The Sub Registrar Office covering Thirupathi Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kolumanivakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Thirupathi Nagar?

The current guideline value of Thirupathi Nagar is Rs 1,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 658 per sq.ft in 2007 to Rs 1,350 per sq.ft in 2024, reflecting an overall increase of 105% over the years.

What are the other streets in Kolumanivakkam with their guideline values?

Other streets in Kolumanivakkam include Thirumal / Thirumalai Nagar and Suseelambal Nagar, both at Rs 1,210 per sq.ft, Uday Nagar Part I at Rs 990 per sq.ft, and Sri Vijayalakshmi Nagar at Rs 880 per sq.ft.

What is the stamp duty rate for properties in Thirupathi Nagar?

The stamp duty rate for properties in Thirupathi Nagar is 7% of 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 No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details through the provided link.