Guideline Value for TAISOWA NAGAR

Taisowa Nagar guideline value

The current guideline value of Taisowa Nagar, located in Pazhanthandalam village under the Padappai SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under the Residential Special Type - I land classification.

How the guideline value of Taisowa Nagar has changed

The guideline value for Taisowa Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft. In 2023, this increased significantly to Rs 1,000 per sq.ft, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 1,100 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pazhanthandalam

Pazhanthandalam has a total of 57 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,980 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which is equal to the current guideline value of Taisowa Nagar.

• Tasiowa Industrial Park Phase II: Rs 1,100 per sq.ft (2024)
• Thai Kanniyammal Nagar: Rs 770 per sq.ft (2024)
• Thai Kanniyammal Nagar Extension III: Rs 770 per sq.ft (2024)
• Thai Thillai Nagar: Rs 770 per sq.ft (2024)
• Sri Sathya Nagar: Rs 1,100 per sq.ft (2024)
• Sri Sai City Phase-IV: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Taisowa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Taisowa Nagar?

The Sub Registrar Office that covers Taisowa 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 more details.

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

The guideline value plays a crucial role in property transactions in Pazhanthandalam. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must consider this value to ensure compliance with legal requirements during registration.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the correct revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Taisowa Nagar?

The current guideline value of Taisowa Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, which is a total increase of 64% over these years.

What is the land classification of Taisowa Nagar?

Taisowa Nagar is classified as Residential Special Type - I, which indicates its designated use for residential purposes.

Where can I find the registration office for Taisowa Nagar?

The registration office for Taisowa Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Taisowa Nagar?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000 at 7%.