Guideline Value

Corporate

Guideline Value for Thirupathi Nagar

₹550/sq.ft.

The guideline value for Thirupathi Nagar in Payasampakkam village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Payasampakkam

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹32 /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, located in Payasampakkam village under the Redhills SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area falls under Residential Class I Type - I land classification.

How the guideline value of Thirupathi Nagar has changed

The guideline value for Thirupathi Nagar has undergone several revisions over the years. The earliest recorded figure is from 2003, which was Rs 32 per sq.ft. This increased significantly to Rs 300 per sq.ft in 2007, marking a change of +838%. The value then rose to Rs 500 per sq.ft in 2012, reflecting an increase of +67%. However, it decreased to Rs 335 per sq.ft in 2017, a drop of -33%. The guideline value saw a substantial increase to Rs 500 per sq.ft in 2023, which then rose to Rs 550 per sq.ft in 2024, a change of +10%.

From 2017 to 2023, the increase was +49%. Overall, from the initial figure in 2003 to the current value in 2024, the guideline value has increased by +1619%. It is important to note that the register has no figure for the year 2002 for this street.

Guideline values in Payasampakkam

In Payasampakkam, there are 20 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 660 per sq.ft, with the median being Rs 550 per sq.ft. Thirupathi Nagar's 2024 figure aligns with this 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 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirupathi Nagar?

The Sub Registrar Office covering 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 more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Payasampakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware of the current guideline value to ensure that they comply with the legal requirements during the registration process.

Additionally, the guideline value is regularly updated to reflect changes in the market and local conditions. It is essential for potential buyers and sellers to stay informed about these changes to make well-informed decisions regarding their property transactions.

Frequently asked questions

What is the current guideline value of Thirupathi Nagar?

The current guideline value of Thirupathi Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 32 per sq.ft in 2003 to Rs 550 per sq.ft in 2024, marking an overall increase of +1619%.

What is the role of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as a benchmark for these costs, ensuring compliance with legal requirements.

Where can I find the Sub Registrar Office for Thirupathi Nagar?

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

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

Other streets in Payasampakkam include Thiruppathi Nagar Extn. at Rs 550 per sq.ft, Thirumugan Nagar at Rs 440 per sq.ft, TamilNadu Dyes & Chemicals Merchants Association at Rs 660 per sq.ft, Subhash Nagar at Rs 440 per sq.ft, Subash Nagar Annex II at Rs 550 per sq.ft, and Subash Nagar Annex at Rs 440 per sq.ft.