Guideline Value for Thirupathi Thirumalai nagar Extn

Thirupathi Thirumalai nagar Extn guideline value

The current guideline value of Thirupathi Thirumalai nagar Extn is Rs 1,300 per sq.ft, as per the 2023 revision. This area is located in Nalambakkam village and falls under the Gooduvancheri SRO. The land classification for this region is Residential Special Type - II.

How the guideline value of Thirupathi Thirumalai nagar Extn has changed

Examining the revisions, the guideline value for Thirupathi Thirumalai nagar Extn has seen several changes over the years. In the 2012 revision, the value was Rs 1,300 per sq.ft. This remained unchanged in the 2023 revision, indicating an overall change of +0% from 2012 to 2023. However, the 2017 revision saw a decrease to Rs 871 per sq.ft, which was a -33% change from the 2012 figure. The most recent revision in 2023 marked a significant increase of +49% from the 2017 value.

The register has no figures for the years 2002, 2003, 2007, and 2024 for this street. Therefore, the only revisions with recorded figures are from 2012, 2017, and 2023.

Guideline values in Nalambakkam

Currently, there are no specific village figures provided for Nalambakkam. Thirupathi Thirumalai nagar Extn is one of the streets under the Gooduvancheri SRO.

• none given

Stamp duty and registration fee for property in Thirupathi Thirumalai nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, resulting in a total of Rs 1,17,000. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirupathi Thirumalai nagar Extn?

The Sub Registrar Office that covers Thirupathi Thirumalai nagar Extn is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

You can find your SRO for more details.

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

When buying or selling property in Nalambakkam, the guideline value plays a crucial role in determining the registration fees. The guideline value is set by the government and is used to calculate the stamp duty and registration fees payable during the transaction. This ensures that the fees are consistent and based on the officially recognized value of the property.

It is essential to understand that the guideline value may differ from the actual sale price of the property. In such cases, the stamp duty is charged on the higher of the two values, ensuring that the government receives the appropriate fees based on the property's worth.

Frequently asked questions

What is the current guideline value of Thirupathi Thirumalai nagar Extn?

The current guideline value of Thirupathi Thirumalai nagar Extn is Rs 1,300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2012 to Rs 871 per sq.ft in 2017, which was a decrease of -33%. It then increased to Rs 1,300 per sq.ft in 2023, resulting in an overall change of +0% from 2012 to 2023.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000. The duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Thirupathi Thirumalai nagar Extn?

The Gooduvancheri Sub Registrar Office covers Thirupathi Thirumalai nagar Extn. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there other streets in Nalambakkam with guideline values?

No specific figures are provided for other streets in Nalambakkam under the Gooduvancheri SRO at this time.