Guideline Value for THANGAIYA GARDEN

Thangaiya Garden guideline value

The current guideline value of Thangaiya Garden is Rs 2,239 per sq.ft, effective from 1 July 2024. This area is located in Adhanoor village under the Gooduvancheri SRO, classified as Mixed Type - I land.

How the guideline value of Thangaiya Garden has changed

The guideline value for Thangaiya Garden has undergone several revisions over the years. The most recent revision in 2024 maintains the value at Rs 2,239 per sq.ft, unchanged from the 2023 revision. Prior to that, the 2017 revision set the value at Rs 1,500 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. Thus, the only values available are from the 2017, 2023, and 2024 revisions.

Guideline values in Adhanoor

Within 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, with a median value of Rs 1,000 per sq.ft. The guideline value for Thangaiya Garden is above this median.

• Tara Nagar I-III: 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)
• Sun City: Rs 1,941 per sq.ft (2024)
• Thirumurugan Nagar Part-I,II: Rs 1,000 per sq.ft (2024)
• Subash Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Thangaiya Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,239 per sq.ft, the total guideline value would be Rs 22,39,000. The stamp duty at 7% would amount to Rs 1,56,730, and the registration fee at 2% would be Rs 44,780, totaling Rs 2,01,510. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thangaiya Garden?

The Thangaiya Garden area falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Adhanoor, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it influences the stamp duty and registration fees applicable at the time of registration.

When purchasing property, the guideline value serves as a benchmark for assessing the property's worth. It ensures that the transaction is recorded accurately in the official register, reflecting the true value of the property being bought or sold.

Frequently asked questions

What is the current guideline value of Thangaiya Garden?

The current guideline value of Thangaiya Garden is Rs 2,239 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,239 per sq.ft from 2023 to 2024. It increased from Rs 1,500 per sq.ft in 2017 to Rs 2,239 per sq.ft in 2023, reflecting a 49% increase over that period.

What is the land classification for Thangaiya Garden?

Thangaiya Garden is classified as Mixed Type - I land according to the local regulations.

What are the stamp duty and registration fees for properties in Thangaiya Garden?

For a property valued at Rs 22,39,000, the stamp duty would be Rs 1,56,730 and the registration fee would be Rs 44,780, totaling Rs 2,01,510. The duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for Thangaiya Garden?

The Gooduvancheri Sub Registrar Office handles registrations for Thangaiya Garden, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.