Guideline Value for TARA NAGAR I-III

Tara Nagar I-III guideline value

The current guideline value of Tara Nagar I-III is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Adhanoor village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Tara Nagar I-III has changed

Looking at the revisions, the guideline value for Tara Nagar I-III has seen several changes over the years. In 2012, the guideline value was Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 1,000 per sq.ft. The 2024 revision also maintains this value, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, the guideline value from 2012 to 2024 has remained constant at Rs 1,000 per sq.ft.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 670 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, which is equal to the current value of Tara Nagar I-III.

• Thangaiya Garden: Rs 2,239 per sq.ft (2024)
• Sun City: Rs 1,941 per sq.ft (2024)
• Subash Nagar: Rs 1,000 per sq.ft (2024)
• Thirumalai Avenue: Rs 1,000 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,000 per sq.ft (2024)
• Thirumurugan Nagar Part-I,II: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Tara Nagar I-III

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. 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 Tara Nagar I-III?

The Sub Registrar Office that covers Tara Nagar I-III is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Adhanoor. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the transaction is recorded at a fair value.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Tara Nagar I-III?

The current guideline value of Tara Nagar I-III is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 1,000 per sq.ft in 2012, decreasing to Rs 670 per sq.ft in 2017, and then returning to Rs 1,000 per sq.ft in 2023 and 2024.

What is the median guideline value in Adhanoor?

The median guideline value for the streets in Adhanoor is Rs 1,000 per sq.ft, which is the same as the current value for Tara Nagar I-III.

What are the stamp duty and registration fees for a property in Tara Nagar I-III?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot at Rs 1,000 per sq.ft, the total fees would amount to Rs 90,000.

Which office handles registrations for Tara Nagar I-III?

The Gooduvancheri Sub Registrar Office is responsible for registrations in Tara Nagar I-III, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.