Guideline Value for Thirupathi Tirumalai Nagar

Thirupathi Tirumalai Nagar guideline value

The current guideline value of Thirupathi Tirumalai Nagar is Rs 1,300 per sq.ft. This area is located in Nalambakkam village and falls under the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - II.

How the guideline value of Thirupathi Tirumalai Nagar has changed

The guideline value for Thirupathi Tirumalai Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,300 per sq.ft, which remained unchanged in the 2023 revision. However, the 2017 revision recorded a decrease to Rs 871 per sq.ft, marking a decline of 33% from the previous revision. The most recent 2023 revision has brought the value back to Rs 1,300 per sq.ft, reflecting a significant increase of 49% from the 2017 figure.

Overall, when comparing the 2012 and 2023 revisions, the guideline value has remained stable, showing no change over this period. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Nalambakkam

Currently, there are no specific guideline values listed for other areas within Nalambakkam. Thirupathi Tirumalai Nagar is the only street mentioned in the available data.

Stamp duty and registration fee for property in Thirupathi Tirumalai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000. Together, the total cost for stamp duty and registration would be Rs 1,17,000. Please 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 Tirumalai Nagar?

The Sub Registrar Office that covers Thirupathi Tirumalai Nagar 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 information.

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

The guideline value is an essential factor in the registration process for property transactions in Nalambakkam. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory when registering a property.

When you buy or sell property in Thirupathi Tirumalai Nagar, the guideline value will determine the amount of stamp duty and registration fees you need to pay. It is crucial to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thirupathi Tirumalai Nagar?

The current guideline value of Thirupathi Tirumalai Nagar 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, and then back to Rs 1,300 per sq.ft in 2023. Overall, there has been no change from 2012 to 2023.

What is the stamp duty rate in Thirupathi Tirumalai Nagar?

The stamp duty rate in Thirupathi Tirumalai Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Is there a guideline value for other streets in Nalambakkam?

Currently, there are no guideline values available for other streets in Nalambakkam, apart from Thirupathi Tirumalai Nagar.