Guideline Value for THANGAMMAL NAGAR

Thangammal Nagar guideline value

The current guideline value of Thangammal Nagar, located in SingaperumalKoil village, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Thangammal Nagar has changed

The guideline value for Thangammal Nagar has seen several revisions over the years. In 2007, the guideline value was set at Rs 100 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 900%. However, this value decreased to Rs 670 per sq.ft in 2017, a decline of 33%. The 2023 revision brought the value back up to Rs 1,000 per sq.ft, and the most recent revision in 2024 has increased it further to Rs 1,100 per sq.ft, reflecting a 10% rise.

There are no figures available for the revisions in 2002 and 2003 for this street. The overall change from 2007 to 2024 indicates a substantial increase of 1000% in the guideline value.

Guideline values in SingaperumalKoil

In SingaperumalKoil, there are 33 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is equal to the current guideline value of Thangammal Nagar.

• Thangammal Kalani: Rs 1,100 per sq.ft (2024)
• T.G.Balabathiran Street: Rs 1,100 per sq.ft (2024)
• Theradi Street (A) Kamarajar Street: Rs 1,500 per sq.ft (2024)
• Thiruvalluvar Street: Rs 800 per sq.ft (2024)
• Sri Perumbudur Road: Rs 1,500 per sq.ft (2024)
• Sannadhi Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Thangammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thangammal Nagar?

The Sub Registrar Office that covers Thangammal Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in SingaperumalKoil. It determines the minimum value at which the property can be registered and is used to calculate the applicable stamp duty and registration fees.

When you register a property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thangammal Nagar?

The current guideline value of Thangammal Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 100 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, representing a total increase of 1000% over the years.

What are the other streets with guideline values in SingaperumalKoil?

Other streets in SingaperumalKoil include Thangammal Kalani, T.G.Balabathiran Street, Theradi Street (A) Kamarajar Street, Thiruvalluvar Street, Sri Perumbudur Road, and Sannadhi Street, with values ranging from Rs 800 to Rs 1,500 per sq.ft in 2024.

Where is the Sub Registrar Office located for Thangammal Nagar?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Thangammal Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 11,00,000, the stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000.