Guideline Value for Thiruthanigai Nagar

Thiruthanigai Nagar guideline value

The current guideline value of Thiruthanigai Nagar is Rs 2,400 per sq.ft, effective from 1 July 2024. This area is located in Oragadam village under the Ambattur SRO, with a land classification of Residential Special Type - I.

How the guideline value of Thiruthanigai Nagar has changed

The guideline value for Thiruthanigai Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 161 per sq.ft, which increased to Rs 174 per sq.ft in 2003. The value then rose dramatically to Rs 710 per sq.ft in 2007, followed by a substantial increase to Rs 2,200 per sq.ft in 2012. However, it decreased to Rs 1,474 per sq.ft in 2017 before climbing to Rs 2,200 per sq.ft in 2023. The latest revision in 2024 set the guideline value at Rs 2,400 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%, and from 2023 to 2024, the guideline value rose by 9%. The most significant increase occurred between 2002 and 2024, with an overall rise of 1391% in the guideline value per sq.ft.

Guideline values in Oragadam

Oragadam village has a total of 596 streets under the Ambattur SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Thiruthanigai Nagar's 2024 figure above this median.

• Thiruvallur Street (Pudur): Rs 1,900 per sq.ft (2024)
• Thirumoorthy Street: Rs 2,400 per sq.ft (2024)
• Thirumangaiyazhvar Street: Rs 1,600 per sq.ft (2024)
• Thiru mangai mannan Street (Venkateswara nagar): Rs 1,600 per sq.ft (2024)
• Thirumalai Street: Rs 1,600 per sq.ft (2024)
• Thirumalai piriya Nagar: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruthanigai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, totaling Rs 2,16,000. 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 Thiruthanigai Nagar?

The Sub Registrar Office that covers Thiruthanigai Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property sale.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the official rates set by the government. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thiruthanigai Nagar?

The current guideline value of Thiruthanigai Nagar is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 161 per sq.ft in 2002 to Rs 2,400 per sq.ft in 2024, reflecting an overall increase of 1391% over the period.

What is the land classification of Thiruthanigai Nagar?

Thiruthanigai Nagar is classified as Residential Special Type - I.

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

The Sub Registrar Office for Thiruthanigai Nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Thiruthanigai Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 24,00,000 would incur a stamp duty of Rs 1,68,000 at 7%.