Guideline Value

Corporate

Guideline Value for THANGAM NAGAR

₹1650/sq.ft.

The guideline value for Thangam Nagar in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thangam Nagar

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Thangam Nagar guideline value

The current guideline value of Thangam Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Pallikaranai village and falls under the Chennai South Joint I SRO, classified as Residential Class IV Type - I.

How the guideline value of Thangam Nagar has changed

The guideline value for Thangam Nagar has undergone several revisions over the years. The earliest recorded revision was in 2007, where the value was set at Rs 400 per sq.ft. This figure significantly increased to Rs 1,500 per sq.ft in the 2012 revision, marking a substantial rise of 275%. The most recent revision in 2024 established the guideline value at Rs 1,650 per sq.ft, reflecting a 10% increase from the 2012 figure.

It is important to note that there are no recorded figures for the years 2003, 2002, 2017, and 2023 for this street. Overall, from the 2007 revision to the current 2024 value, there has been an impressive increase of 313% in the guideline value.

Guideline values in Pallikaranai

In Pallikaranai village, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which is equal to the 2024 figure for Thangam Nagar.

Stamp duty and registration fee for property in Thangam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost for these fees to Rs 1,48,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thangam Nagar?

The Sub Registrar Office that covers Thangam Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO here.

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

The guideline value is a critical factor in the registration process when buying or selling property in Pallikaranai. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per the government regulations.

When a buyer or seller engages in a property transaction, the guideline value helps to ascertain the legal obligations regarding the payment of taxes and fees. This ensures transparency in the property market and helps in maintaining an accurate record of property values in the area.

Frequently asked questions

What is the current guideline value of Thangam Nagar?

The current guideline value of Thangam Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 313% over the years.

What are the other streets in Pallikaranai with their guideline values?

Other streets in Pallikaranai include Thangam Avenue, Thanigai Nagar, Thai Nagar -Mayilai Balaji Nagar, and Thanks Nagar, all valued at Rs 1,320 per sq.ft, while Thanthai Periyar Avvaiyar Street and Thanthai Periyar Kamaraj Street are valued at Rs 1,650 per sq.ft.

What are the stamp duty and registration fees for properties in Thangam Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 16,50,000, the total stamp duty and registration fees would be Rs 1,48,500.

Which office handles the registration for Thangam Nagar?

The registration for Thangam Nagar is handled by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.