Guideline Value for Thirupathy Nagar

Thirupathy Nagar guideline value

The current guideline value of Thirupathy Nagar is Rs 175 per sq.ft, effective from 1 July 2024. This area is located in Nallur village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thirupathy Nagar has changed

The guideline value for Thirupathy Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 175 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value was reduced to Rs 117 per sq.ft. The 2023 revision brought the value back to Rs 175 per sq.ft, and this figure was maintained in the 2024 revision, showing no percentage change from 2023 to 2024. The register has no figure for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value saw a decrease of 33%, but from 2017 to 2023, it increased by 50%. Overall, from 2012 to 2024, there has been no net change in the guideline value.

Guideline values in Nallur

Nallur village has 33 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 126 to Rs 700 per sq.ft, with a median value of Rs 250 per sq.ft. Thirupathy Nagar's 2024 guideline value is below this median.

• Sri Venkateswara Nagar: Rs 350 per sq.ft (2024)
• Sri Sastha Nagar: Rs 350 per sq.ft (2024)
• Vianayagapuri: Rs 250 per sq.ft (2024)
• Vignesh Nagar: Rs 350 per sq.ft (2024)
• Sriperumpudur Kundrathur Road: Rs 500 per sq.ft (2024)
• VSS CBI OFFICERS COLONY Phase - 7: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Thirupathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 175 per sq.ft, the total guideline value would be Rs 1,75,000. The stamp duty at 7% would amount to Rs 12,250, and the registration fee at 2% would be Rs 3,500, making the total charges Rs 15,750. 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 Thirupathy Nagar?

The Sub Registrar Office that covers Thirupathy Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Nallur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This value is essential for determining the financial obligations associated with the transaction, including applicable taxes and fees.

Frequently asked questions

What is the current guideline value of Thirupathy Nagar?

The current guideline value of Thirupathy Nagar is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revisions maintaining a value of Rs 175 per sq.ft since 2023. The value was previously Rs 117 per sq.ft in 2017 and Rs 175 per sq.ft in 2012.

What is the land classification of Thirupathy Nagar?

Thirupathy Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office for Thirupathy Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Thirupathy Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,75,000, the stamp duty would be Rs 12,250 at 7%.