Guideline Value for Thiruthani Nagar

Thiruthani Nagar guideline value

The current guideline value of Thiruthani Nagar, located in Zaminpallavaram village under the Pallavaram SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Thiruthani Nagar has changed

The guideline value for Thiruthani Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 154 per sq.ft, which increased to Rs 600 per sq.ft in 2007, marking a substantial rise of 290%. This upward trend continued, with the value remaining at Rs 3,000 per sq.ft in both 2012 and 2023. The latest revision in 2024 saw the guideline value increase to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 2043%. It is important to note that there are no figures available for the years 2002 and 2017 for this street in the register.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for the village is Rs 3,300 per sq.ft, which is equal to the current value for Thiruthani Nagar.

• Thirutani Nagar, Yamuna Street: Rs 3,300 per sq.ft (2024)
• Thirutani Nagar, Vaigai Street: Rs 3,300 per sq.ft (2024)
• Thirutani Nagar, Kauvery Street: Rs 3,300 per sq.ft (2024)
• Thirutani Nagar 1 To 3 Main Road: Rs 3,300 per sq.ft (2024)
• Thiruvalluvar 1st Street: Rs 2,750 per sq.ft (2024)
• Thiruvalluvar 2nd Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruthani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruthani Nagar?

The Sub Registrar Office that covers Thiruthani Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that these fees are calculated based on the official value set by the government.

When a property is sold, the guideline value helps establish the minimum value at which the property can be registered. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Thiruthani Nagar?

The current guideline value of Thiruthani Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 154 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 2043% over this period.

What are the other streets in Zaminpallavaram with the same guideline value?

Other streets in Zaminpallavaram with the same 2024 guideline value of Rs 3,300 per sq.ft include Yamuna Street, Vaigai Street, Kauvery Street, and Thirutani Nagar 1 To 3 Main Road.

What fees are associated with buying property in Thiruthani Nagar?

When buying property in Thiruthani Nagar, buyers should account for stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Thiruthani Nagar located?

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