Guideline Value for Thiyagi Viswanatha das Nagar

Thiyagi Viswanatha das Nagar guideline value

The current guideline value of Thiyagi Viswanatha das Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village and falls under the Padappai SRO. The land classification for this street is Residential Class IV Type - II.

How the guideline value of Thiyagi Viswanatha das Nagar has changed

The guideline value for Thiyagi Viswanatha das Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2012, marking a substantial rise of 650%. However, from 2012 to 2017, the value decreased to Rs 1,005 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 1,500 per sq.ft in 2023, a 49% increase. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, representing a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 725%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, positioning Thiyagi Viswanatha das Nagar's 2024 figure below that median.

• Thiyagarayar Street: Rs 2,310 per sq.ft (2024)
• Thiru V.K. Street: Rs 2,640 per sq.ft (2024)
• Thiru Venkatapuram: Rs 1,980 per sq.ft (2024)
• Thiruvengada Nagar Church Street: Rs 2,310 per sq.ft (2024)
• Tirupur Kumaran Street: Rs 3,960 per sq.ft (2024)
• Thiruvalluvar Street: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Thiyagi Viswanatha das Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would amount to Rs 33,000, leading to a total of Rs 1,48,500. It is important to note that 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 Thiyagi Viswanatha das Nagar?

The Sub Registrar Office that covers Thiyagi Viswanatha das Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor during the registration of property transactions in Perungalathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thiyagi Viswanatha das Nagar?

The current guideline value of Thiyagi Viswanatha das Nagar is Rs 1,650 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 200 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 725% over the years.

What is the land classification for Thiyagi Viswanatha das Nagar?

The land classification for Thiyagi Viswanatha das Nagar is Residential Class IV Type - II.

What are the stamp duty and registration fees for a property in Thiyagi Viswanatha das Nagar?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office should I contact for registration in Thiyagi Viswanatha das Nagar?

The Padappai Sub Registrar Office is responsible for registration in Thiyagi Viswanatha das Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301.