Guideline Value for THANGAM COLONY EXT

Thangam Colony Ext guideline value

The current guideline value of Thangam Colony Ext, located in Kosappur village under the Thiruvottiyur SRO, is Rs 1,002 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Thangam Colony Ext has changed

The guideline value of Thangam Colony Ext has undergone several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which increased to Rs 201 per sq.ft in the 2017 revision. This marked a decrease of 33%. Following this, the 2023 revision maintained the value at Rs 1,002 per sq.ft, and the same figure was retained in the 2024 revision, reflecting no change between these two years. Overall, from 2012 to 2024, the guideline value has increased by 234%.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. The 2023 revision to 2024 saw no percentage change, remaining at Rs 1,002 per sq.ft.

Guideline values in Kosappur

In Kosappur, there are 25 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,600 per sq.ft, with the median being Rs 1,002 per sq.ft. Thangam Colony Ext's 2024 figure is equal to this median.

• Thangam Colony: Rs 1,002 per sq.ft (2024)
• Subam Colony Extn: Rs 1,002 per sq.ft (2024)
• Subam Colony: Rs 1,002 per sq.ft (2024)
• Thiyagi Viswanatha Dass Nagar: Rs 1,001 per sq.ft (2024)
• Sri Ramakrishna Nagar: Rs 1,002 per sq.ft (2024)
• Srinivasa Nagar: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Thangam Colony Ext

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value amounts to Rs 10,02,000. The stamp duty at 7% would be Rs 70,140, and the registration fee at 2% would be Rs 20,040, bringing the total to Rs 90,180. Please 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 Thangam Colony Ext?

The Thangam Colony Ext area is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kosappur. It is used to determine the stamp duty and registration fees when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thangam Colony Ext?

The current guideline value of Thangam Colony Ext is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has increased from Rs 300 per sq.ft to Rs 1,002 per sq.ft in 2024, reflecting an overall increase of 234% over this period.

What is the land classification for Thangam Colony Ext?

The land classification for Thangam Colony Ext is Residential Special Type - II.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Thangam Colony Ext?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 10,02,000, the stamp duty would be Rs 70,140 at a rate of 7%.