Guideline Value for Thiruppathi Nagar Main Road

Thiruppathi Nagar Main Road guideline value

The current guideline value of Thiruppathi Nagar Main Road is Rs 2,160 per sq.ft, effective from 1 July 2024. This road is located in Kilkattalai village, under the Pallavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Thiruppathi Nagar Main Road has changed

The guideline value for Thiruppathi Nagar Main Road has undergone several revisions over the years. In the 2003 revision, the value was Rs 112 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2007. Following this, the 2012 revision saw a decrease to Rs 2,000 per sq.ft, and in 2017, it rose to Rs 1,340 per sq.ft. The 2023 revision set the value at Rs 2,000 per sq.ft, and the latest 2024 revision has increased it to Rs 2,160 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%. There was a notable increase of 300% from 2007 to 2012. However, the value decreased by 33% from 2012 to 2017. Overall, from 2003 to 2024, the guideline value has increased by 1,829%.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with guideline values for 2024 ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,530 per sq.ft, making the current guideline value of Thiruppathi Nagar Main Road below this median.

• Thiruvalluvar Nagar: Rs 3,080 per sq.ft (2024)
• Thirumurugan Street: Rs 2,160 per sq.ft (2024)
• Thirumurugan S.R.V.S.Colony: Rs 2,530 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,980 per sq.ft (2024)
• Thiruvenkadamudaiyan Street: Rs 2,530 per sq.ft (2024)
• Thiruveethiyamman Koil Street: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruppathi Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value would be Rs 21,60,000. The stamp duty at 7% would amount to Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, bringing the total cost for these fees to Rs 1,94,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Thiruppathi Nagar Main Road?

The Sub Registrar Office that covers Thiruppathi Nagar Main Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. To find your SRO, you can visit this link.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kilkattalai. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that all transactions are recorded accurately and fairly.

When a property is sold, the guideline value helps establish a baseline for the transaction, and the fees are calculated based on this value or the sale price, whichever is higher. This ensures compliance with local regulations and helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Thiruppathi Nagar Main Road?

The current guideline value of Thiruppathi Nagar Main Road is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 112 per sq.ft in 2003 to Rs 2,160 per sq.ft in 2024, which is an overall increase of 1,829%.

Where can I find the registration office for Thiruppathi Nagar Main Road?

The registration office for Thiruppathi Nagar Main Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What are the stamp duty and registration fees based on the guideline value?

Stamp duty is charged at 7% and registration fees at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,94,400.

What is the land classification of Thiruppathi Nagar Main Road?

Thiruppathi Nagar Main Road is classified as Residential Class III Type - I, which indicates its suitability for residential development.