Guideline Value for Thiruvarangan Nagar

Thiruvarangan Nagar guideline value

The current guideline value of Thiruvarangan Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Pillaippakkam-A village, under the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Thiruvarangan Nagar has changed

The guideline value for Thiruvarangan Nagar has undergone several revisions over the years. In the 2017 revision, the guideline value was set at Rs 134 per sq.ft. This figure remained unchanged in the subsequent revisions until 2023, where it was still Rs 200 per sq.ft. The most recent revision in 2024 also maintains the guideline value at Rs 200 per sq.ft, showing no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49% as well. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pillaippakkam-A

Pillaippakkam-A village has a total of 49 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 100 to Rs 1,254 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, making Thiruvarangan Nagar's 2024 figure below this median.

• Thirumular Nagar: Rs 400 per sq.ft (2024)
• Thiripurasundari Nagar: Rs 400 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 200 per sq.ft (2024)
• Sri Ramanujar Town: Rs 300 per sq.ft (2024)
• Sri Ramanujar Nagar: Rs 300 per sq.ft (2024)
• Sri Ramakrishna Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvarangan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information on calculating these fees.

Which Sub Registrar Office covers Thiruvarangan Nagar?

The Sub Registrar Office that covers Thiruvarangan 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 details.

How the guideline value is used when you buy or sell in Pillaippakkam-A

The guideline value is a crucial factor during the registration process when buying or selling property in Pillaippakkam-A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid. The guideline value helps in ensuring that the property is valued appropriately according to government standards.

When a buyer or seller approaches the registration office, the guideline value is referenced to calculate the applicable fees. This ensures transparency and consistency in property transactions within the area.

Frequently asked questions

What is the current guideline value of Thiruvarangan Nagar?

The current guideline value of Thiruvarangan Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49% to Rs 200 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

What is the median guideline value in Pillaippakkam-A?

The median guideline value for the 49 streets in Pillaippakkam-A is Rs 300 per sq.ft. Thiruvarangan Nagar's guideline value is below this median.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000.

Which office handles registrations for Thiruvarangan Nagar?

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