Guideline Value for THANGAMANI NAGAR

Thangamani Nagar guideline value

The current guideline value of Thangamani Nagar is Rs 3,960 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village under the Padappai SRO and is classified as Commercial Class I Type - I.

How the guideline value of Thangamani Nagar has changed

The guideline value for Thangamani Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 2,412 per sq.ft. This increased to Rs 3,600 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 set the value at Rs 3,960 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 the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. The guideline value for Thangamani Nagar is above this median.

• Thangaraj Nagar: Rs 2,310 per sq.ft (2024)
• Thangaraj Nagar Extension: Rs 2,310 per sq.ft (2024)
• Thai Moogambikai Nagar Road: Rs 3,960 per sq.ft (2024)
• Thai Moogambigai Nagar Extension: Rs 4,290 per sq.ft (2024)
• Thai Moogambigai Nagar: Rs 2,640 per sq.ft (2024)
• Thayumanavar Street: Rs 2,640 per sq.ft (2024)

Stamp duty and registration fee for property in Thangamani Nagar

For a 1,000 sq.ft plot at the current rate of Rs 3,960 per sq.ft, the guideline value amounts to Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, making the total Rs 3,56,400. 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 details.

Which Sub Registrar Office covers Thangamani Nagar?

The Sub Registrar Office that covers Thangamani Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perungalathur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded accurately. This value helps in standardizing the charges associated with property transactions in the area.

Frequently asked questions

What is the current guideline value of Thangamani Nagar?

The current guideline value of Thangamani Nagar is Rs 3,960 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 2,412 per sq.ft in 2017 to Rs 3,960 per sq.ft in 2024, reflecting an overall increase of 64% during this period.

What is the land classification of Thangamani Nagar?

Thangamani Nagar is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

What is the registration office for Thangamani Nagar?

The registration office for Thangamani Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Thangamani Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property with a guideline value of Rs 39,60,000, the stamp duty at 7% would amount to Rs 2,77,200.