Guideline Value for Throwbathiamman Nagar

Throwbathiamman Nagar guideline value

The current guideline value of Throwbathiamman Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Attanthangal village, under the Redhills SRO, and is classified as Residential Class II Type - I.

How the guideline value of Throwbathiamman Nagar has changed

The guideline value for Throwbathiamman Nagar has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 200 per sq.ft. This increased significantly to Rs 500 per sq.ft in 2012, but then decreased to Rs 335 per sq.ft in 2017. The 2023 revision set the value at Rs 500 per sq.ft, before rising to the current figure of Rs 550 per sq.ft in 2024.

Between the revisions, there were notable changes. From 2007 to 2012, the value increased by 150%. However, from 2012 to 2017, it saw a decline of 33%. The value then increased by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. The overall change from 2007 to 2024 is an increase of 175%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Attanthangal

In Attanthangal, there are 80 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 880 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Throwbathiamman Nagar's 2024 figure below that median.

• Thiruvallur Nedunchalai: Rs 880 per sq.ft (2024)
• Veerapandi Nagar: Rs 440 per sq.ft (2024)
• TATA Nagar: Rs 550 per sq.ft (2024)
• Vijaya Garden: Rs 440 per sq.ft (2024)
• Vivekanandar Nagar Annex: Rs 550 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Throwbathiamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total cost for these fees Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Throwbathiamman Nagar?

The Sub Registrar Office that covers Throwbathiamman Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Attanthangal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. This ensures that the property is valued fairly according to the local market standards.

When a property is sold, the guideline value helps both the buyer and seller understand the minimum value at which the property can be registered. This value is particularly important for calculating the applicable taxes and fees, ensuring compliance with local regulations during the transaction.

Frequently asked questions

What is the current guideline value of Throwbathiamman Nagar?

The current guideline value of Throwbathiamman Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, starting from Rs 200 per sq.ft in 2007 to the current Rs 550 per sq.ft in 2024. The value has seen both increases and decreases through various revisions.

What is the registration office for Throwbathiamman Nagar?

The registration office for Throwbathiamman Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

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

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500. These fees are based on the guideline value or the sale price, whichever is higher.

What is the land classification of Throwbathiamman Nagar?

Throwbathiamman Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development within the area.