Guideline Value for Thiyagarajar Nagar

Thiyagarajar Nagar guideline value

The current guideline value of Thiyagarajar Nagar is Rs 1,002 per sq.ft, effective from 1 July 2024. This area is located in Menambedu village, under the Ambattur Sub Registrar Office (SRO). The land classification for this street is Residential Class V Type - I.

How the guideline value of Thiyagarajar Nagar has changed

The guideline value of Thiyagarajar Nagar has experienced several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 700 per sq.ft. This increased to Rs 469 per sq.ft in 2017, a decrease of 33%. Following this, the value rose significantly to Rs 1,000 per sq.ft in 2023, marking an increase of 113%. The latest revision in 2024 sets the guideline value at Rs 1,002 per sq.ft, showing no change from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for Thiyagarajar Nagar. Overall, from 2012 to 2024, the guideline value has increased by 43%.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median guideline value for these streets is Rs 1,003 per sq.ft, placing Thiyagarajar Nagar's current value slightly below this median.

• Thulasi Street: Rs 1,700 per sq.ft (2024)
• Thulukanam Street: Rs 1,700 per sq.ft (2024)
• T.N.E.B. Colony: Rs 1,700 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,001 per sq.ft (2024)
• T.T.P Colony: Rs 1,300 per sq.ft (2024)
• Thirunavukarasu Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiyagarajar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value amounts to Rs 10,02,000. The stamp duty at 7% would be Rs 70,140, and the registration fee at 2% would be Rs 20,040, bringing the total fees together to Rs 90,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiyagarajar Nagar?

Thiyagarajar Nagar falls under the jurisdiction of 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 Menambedu

The guideline value is a critical factor in the registration process when buying or selling property in Menambedu. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Thiyagarajar Nagar?

The current guideline value of Thiyagarajar Nagar is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 1,002 per sq.ft in 2024, marking an overall increase of 43% over this period.

What are the guideline values of other streets in Menambedu?

Other streets in Menambedu have varying guideline values, with rates ranging from Rs 1,000 to Rs 6,680 per sq.ft. For example, Thulasi Street and Thulukanam Street both have a value of Rs 1,700 per sq.ft in 2024.

What are the registration fees for property in Thiyagarajar Nagar?

The registration fees are calculated based on the guideline value. For a property valued at Rs 10,02,000, the stamp duty would be Rs 70,140 and the registration fee would be Rs 20,040, totaling Rs 90,180.

Where is the Sub Registrar Office for Thiyagarajar Nagar located?

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