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Guideline Value

Corporate

Guideline Value for Thirupurasundarai Nagar(Corner Plots)

₹3800/sq.ft.

The guideline value for Thirupurasundarai Nagar(corner Plots) in Satthankadu village (Thiruvottiyur SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Satthankadu

Village

Thiruvottiyur

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Thirupurasundarai Nagar(corner Plots)

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Thirupurasundarai Nagar(Corner Plots) guideline value

The current guideline value for Thirupurasundarai Nagar (Corner Plots) is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Satthankadu village under the Thiruvottiyur SRO, and it is classified as Commercial Special Type - I.

How the guideline value of Thirupurasundarai Nagar(Corner Plots) has changed

The guideline value for Thirupurasundarai Nagar has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 1,100 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in the 2012 revision, marking a rise of 218%. However, in the 2017 revision, the value decreased to Rs 2,345 per sq.ft, which was a decline of 33%. The guideline value then increased to Rs 3,500 per sq.ft in the 2023 revision, reflecting a 49% increase. The latest revision in 2024 set the value at Rs 3,800 per sq.ft, which is a 9% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from the 2007 to the 2024 revision, the guideline value has increased by 245%.

Guideline values in Satthankadu

In Satthankadu, there are 71 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,400 per sq.ft. Thirupurasundarai Nagar's 2024 figure is above this median.

Stamp duty and registration fee for property in Thirupurasundarai Nagar(Corner Plots)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees together to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thirupurasundarai Nagar(Corner Plots)?

The Sub Registrar Office that covers Thirupurasundarai Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Satthankadu. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately according to the prescribed rates.

When buying or selling property, the guideline value serves as a reference point for both parties involved in the transaction. This helps in maintaining transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value for Thirupurasundarai Nagar(Corner Plots)?

The current guideline value for Thirupurasundarai Nagar (Corner Plots) is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 245% over the years.

What are the stamp duty and registration fees for a property in Thirupurasundarai Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 38,00,000. The stamp duty at 7% is Rs 2,66,000, and the registration fee at 2% is Rs 76,000, totaling Rs 3,42,000.

Which Sub Registrar Office covers this area?

The Thiruvottiyur Sub Registrar Office covers Thirupurasundarai Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification for Thirupurasundarai Nagar?

The land classification for Thirupurasundarai Nagar is Commercial Special Type - I.