Guideline Value

Corporate

Guideline Value for Thirupathi Nagar

₹275/sq.ft.

The guideline value for Thirupathi Nagar in Atthivakkam village (Redhills SRO, Chennai zone) is Rs 275 per sq.ft, effective 1 July 2024. It was Rs 250 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Atthivakkam

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹275 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹16 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thirupathi Nagar

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Thirupathi Nagar guideline value

The current guideline value of Thirupathi Nagar is Rs 275 per sq.ft, effective from 1 July 2024. This area is located in Atthivakkam village, under the jurisdiction of the Redhills SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Thirupathi Nagar has changed

The guideline value for Thirupathi Nagar has undergone several revisions over the years. In 2003, the guideline value was Rs 16 per sq.ft, which significantly increased to Rs 100 per sq.ft in 2007. Following that, the value rose dramatically to Rs 250 per sq.ft in 2012, but then saw a decrease to Rs 167 per sq.ft in 2017. The value increased again to Rs 250 per sq.ft in 2023, and currently stands at Rs 275 per sq.ft from the 2024 revision.

Between the revisions, notable changes include a 525% increase from 2003 to 2007, followed by a 150% increase from 2007 to 2012. However, there was a decrease of 33% from 2012 to 2017. The guideline value then increased by 50% from 2017 to 2023 and has risen again by 10% from 2023 to 2024. The register has no figure for the year 2002 for this street.

Guideline values in Atthivakkam

In Atthivakkam, there are 27 streets under the Redhills SRO that have a guideline value for 2024, ranging from Rs 275 to Rs 1,400 per sq.ft. The median guideline value in this village is Rs 440 per sq.ft, placing Thirupathi Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in Thirupathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value amounts to Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, bringing the total to Rs 24,750. 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 Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value is a critical factor in property transactions in Atthivakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value to understand the financial implications of their property transactions. Accurate knowledge of the guideline value can aid in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Thirupathi Nagar?

The current guideline value of Thirupathi Nagar is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 16 per sq.ft in 2003 to Rs 275 per sq.ft in 2024, with several revisions in between, including a notable increase of 525% from 2003 to 2007.

What is the median guideline value in Atthivakkam?

The median guideline value in Atthivakkam is Rs 440 per sq.ft, with Thirupathi Nagar's 2024 figure being below this median.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 2,75,000, leading to a stamp duty of Rs 19,250 and a registration fee of Rs 5,500, totaling Rs 24,750.

Which office handles registrations for Thirupathi Nagar?

The Redhills Sub Registrar Office handles registrations for Thirupathi Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.