Guideline Value for THANGAM NAGAR

Thangam Nagar guideline value

The current guideline value of Thangam Nagar is Rs 3,200 per sq.ft, effective from 1 July 2024. This area falls within Vengaivasal village and is classified under Residential Class III Type - IV, governed by the Selaiyur SRO.

How the guideline value of Thangam Nagar has changed

The guideline value for Thangam Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,200 per sq.ft, an increase from Rs 3,005 per sq.ft in 2023, marking a change of +6%. Prior to that, the 2017 revision recorded a guideline value of Rs 2,010 per sq.ft, which reflects a significant increase of +50% to the 2023 figure.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by +59%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Thangam Nagar's 2024 figure above this median.

• Theshiv Rkj Elite: Rs 4,450 per sq.ft (2024)
• Theshiv Rkj Elite Phase-2: Rs 4,450 per sq.ft (2024)
• S.V. Naidu Nagar: Rs 850 per sq.ft (2024)
• Suseela Nagar: Rs 2,350 per sq.ft (2024)
• Suseela Avenue: Rs 3,300 per sq.ft (2024)
• Thirumoolar Avenue: Rs 2,730 per sq.ft (2024)

Stamp duty and registration fee for property in Thangam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,200 per sq.ft, the total guideline value amounts to Rs 32,00,000. The stamp duty at 7% would be Rs 2,24,000, and the registration fee at 2% would be Rs 64,000, totaling Rs 2,88,000. 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 detailed calculations.

Which Sub Registrar Office covers Thangam Nagar?

The Sub Registrar Office that covers Thangam Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Vengaivasal, as it determines the amount of stamp duty and registration fees payable. Buyers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a benchmark for the transaction. It is essential to understand that the registration fees and stamp duty are calculated based on the higher of the guideline value or the sale price, ensuring that the appropriate taxes are paid.

Frequently asked questions

What is the current guideline value of Thangam Nagar?

The current guideline value of Thangam Nagar is Rs 3,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,010 per sq.ft in 2017 to Rs 3,200 per sq.ft in 2024, reflecting an overall increase of +59%.

What are the stamp duty rates applicable in Thangam Nagar?

The stamp duty rate in Thangam Nagar is 7% on the guideline value or sale price, whichever is higher.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

What is the median guideline value in Vengaivasal?

The median guideline value for the 117 streets in Vengaivasal is Rs 2,700 per sq.ft, with Thangam Nagar's value being above this median.