Guideline Value for THANGAM ENCLAVE

Thangam Enclave guideline value

The current guideline value of Thangam Enclave in Venpedu village is Rs 605 per sq.ft, effective from 1 July 2024. This area falls under the Thiruporur SRO and is classified as Mixed Type - II.

How the guideline value of Thangam Enclave has changed

The guideline value for Thangam Enclave has remained consistent over the recent revisions. In the 2023 revision, the value was Rs 605 per sq.ft, and this figure has not changed in the 2024 revision, which also stands at Rs 605 per sq.ft. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

Since there has been no change from 2023 to 2024, the guideline value has shown a change of +0%. This stability in the guideline value indicates that the price per square foot has not fluctuated during this time.

Guideline values in Venpedu

In Venpedu, there are 24 streets under the Thiruporur SRO that have a 2024 guideline value ranging from Rs 605 to Rs 2,100 per sq.ft, with a median value of Rs 1,784 per sq.ft. The guideline value for Thangam Enclave is below this median.

• Top City: Rs 1,330 per sq.ft (2024)
• Sri Deepan Balaji Garden: Rs 605 per sq.ft (2024)
• Metro Omr Castle City New Extension Phase VI: Rs 1,330 per sq.ft (2024)
• Metro Omr Castle City New Extension Phase V: Rs 1,330 per sq.ft (2024)
• Metro Omr Castle City New Extension Phase IV: Rs 1,330 per sq.ft (2024)
• Metro Omr Castle City Extn Ph III: Rs 1,784 per sq.ft (2024)

Stamp duty and registration fee for property in Thangam Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 605 per sq.ft, the total guideline value would be Rs 6,05,000. The stamp duty at 7% would amount to Rs 42,350, and the registration fee at 2% would be Rs 12,100, bringing the total to Rs 54,450. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thangam Enclave?

The Thangam Enclave 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 Venpedu

The guideline value plays a crucial role in the registration process of property transactions in Venpedu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When a buyer or seller approaches the Thiruporur SRO for registration, the guideline value is used to compute the applicable fees. This ensures that the transaction is recorded at a value that reflects the official pricing set by the registration department.

Frequently asked questions

What is the current guideline value of Thangam Enclave?

The current guideline value of Thangam Enclave is Rs 605 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thangam Enclave has remained at Rs 605 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification of Thangam Enclave?

Thangam Enclave is classified as Mixed Type - II under the current land classification guidelines.

What are the stamp duty and registration fees for a property in Thangam Enclave?

For a property valued at Rs 6,05,000, the stamp duty would be Rs 42,350, and the registration fee would be Rs 12,100, totaling Rs 54,450. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. This office handles the registration of properties in Thangam Enclave.