Guideline Value for Thiyagaraj Nagar

Thiyagaraj Nagar guideline value

The current guideline value of Thiyagaraj Nagar, located in Podavoor village under the Sunguvarchattram SRO, is Rs 500 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - I.

How the guideline value of Thiyagaraj Nagar has changed

The guideline value for Thiyagaraj Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 335 per sq.ft. Following this, the value increased significantly to Rs 500 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision, reflecting a 49% increase from the 2017 revision.

Between the 2012 and 2017 revisions, the guideline value decreased by 33%. However, from 2012 to 2024, the overall change is 0%, as the value returned to Rs 500 per sq.ft in both the 2012 and 2024 revisions. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Podavoor

In Podavoor, 20 streets under the Sunguvarchattram SRO have a 2024 guideline value ranging from Rs 181 to Rs 600 per sq.ft, with a median value of Rs 250 per sq.ft. Thiyagaraj Nagar's guideline value of Rs 500 per sq.ft is above this median.

• Thulukanathamman Street: Rs 181 per sq.ft (2024)
• well Street: Rs 181 per sq.ft (2024)
• SriDevi Teak Garden: Rs 200 per sq.ft (2024)
• SriDevi Green Farms: Rs 200 per sq.ft (2024)
• Ponjothi Garden: Rs 500 per sq.ft (2024)
• Padavattamman Kovil Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiyagaraj Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty, charged at 7%, would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000. Thus, the total cost for stamp duty and registration would be Rs 45,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Thiyagaraj Nagar?

The Sub Registrar Office that covers Thiyagaraj Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Podavoor, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost involved in the transaction. The guideline value ensures transparency and fairness in property dealings, providing a standard reference for all parties involved.

Frequently asked questions

What is the current guideline value of Thiyagaraj Nagar?

The current guideline value of Thiyagaraj Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions being Rs 500 per sq.ft in 2023 and 2024, and Rs 335 per sq.ft in 2017. The value was Rs 500 per sq.ft in 2012, indicating no overall change from 2012 to 2024.

What is the classification of land in Thiyagaraj Nagar?

Thiyagaraj Nagar is classified as Commercial Class I Type - I. This classification can affect the usage and potential development of the land.

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

The Sub Registrar Office for Thiyagaraj Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Thiyagaraj Nagar?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 at a rate of 7%.