Guideline Value for THANGAM ENCLAVE EXTN

Thangam Enclave Extn guideline value

The current guideline value of Thangam Enclave Extn is Rs 739 per sq.ft, effective from 1 July 2024. This property is located in Illaloor village, under the Thiruporur SRO, and is classified as Mixed Type - III land.

How the guideline value of Thangam Enclave Extn has changed

The guideline value for Thangam Enclave Extn has undergone several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 450 per sq.ft. This increased to Rs 672 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 sees a further increase to Rs 739 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 recorded figures for this street in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in Illaloor

In Illaloor, there are 17 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,100 per sq.ft. The median value for these streets is Rs 1,150 per sq.ft, indicating that Thangam Enclave Extn's current guideline value is below this median.

• Sri Venkateswara Nagar: Rs 660 per sq.ft (2024)
• Srikaram Seasons: Rs 1,150 per sq.ft (2024)
• Sri Jairam Nagar: Rs 550 per sq.ft (2024)
• Serasa Greens: Rs 1,396 per sq.ft (2024)
• Saithra Avenue: Rs 739 per sq.ft (2024)
• Omr Golden City: Rs 1,150 per sq.ft (2024)

Stamp duty and registration fee for property in Thangam Enclave Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 739 per sq.ft, the total guideline value would be Rs 7,39,000. The stamp duty at 7% would amount to Rs 51,730, and the registration fee at 2% would be Rs 14,780, bringing the total cost for these fees to Rs 66,510. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thangam Enclave Extn?

The Thangam Enclave Extn is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

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

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

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal documentation. Buyers and sellers must be aware of these values to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Thangam Enclave Extn?

The current guideline value of Thangam Enclave Extn is Rs 739 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 450 per sq.ft to Rs 739 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty rates applicable in Thangam Enclave Extn?

The stamp duty rate applicable in Thangam Enclave Extn is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Thiruporur Sub Registrar Office?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

What is the median guideline value for streets in Illaloor?

The median guideline value for streets in Illaloor is Rs 1,150 per sq.ft, with Thangam Enclave Extn's value being below this median.