Guideline Value for TAJ NAGAR

Taj Nagar guideline value

The current guideline value of Taj Nagar, located in Thelliyaragaram village, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Residential Class III Type - I.

How the guideline value of Taj Nagar has changed

The guideline value for Taj Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 150 per sq.ft. This figure increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 567%. However, from 2012 to 2017, the value decreased by 33% to Rs 670 per sq.ft. The 2023 revision brought the value back up to Rs 1,000 per sq.ft, and the latest revision in 2024 increased it further to Rs 1,100 per sq.ft, a rise of 10% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 633%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thelliyaragaram

Thelliyaragaram village has a range of guideline values across its 16 streets under the Chennai South Joint I SRO, with figures ranging from Rs 770 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,210 per sq.ft, placing Taj Nagar's 2024 figure below this median.

• Thiruveethiamman Koil Street: Rs 1,650 per sq.ft (2024)
• V.O.C. Street: Rs 1,100 per sq.ft (2024)
• Ramya Nagar: Rs 1,100 per sq.ft (2024)
• Poonamallee High Road: Rs 3,300 per sq.ft (2024)
• Ponniamman Koil Street: Rs 1,320 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Taj 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, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Taj Nagar?

The Sub Registrar Office that covers Taj Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Thelliyaragaram. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers should be aware that the guideline value affects the calculation of stamp duty and registration fees.

When a property is sold, the sale price must be equal to or greater than the guideline value to ensure proper registration. This means that if the sale price is lower than the guideline value, the higher guideline value will be used to calculate the applicable fees.

Frequently asked questions

What is the current guideline value of Taj Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 633% over the years.

What is the registration office for Taj Nagar?

The registration office for Taj Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in Taj Nagar?

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

What are the other streets with guideline values in Thelliyaragaram?

Other streets in Thelliyaragaram include Thiruveethiamman Koil Street at Rs 1,650 per sq.ft, V.O.C. Street and Ramya Nagar both at Rs 1,100 per sq.ft, and Poonamallee High Road at Rs 3,300 per sq.ft.