Guideline Value for THANGAPPAPURAM

Thangappapuram guideline value

The current guideline value of Thangappapuram, located in Perumattu Nellore village under the Chengleput Joint II SRO, is Rs 700 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Thangappapuram has changed

Over the years, the guideline value for Thangappapuram has seen several revisions. The 2007 revision set the value at Rs 135 per sq.ft, which increased significantly to Rs 700 per sq.ft in the 2012 revision. This was followed by a decrease to Rs 469 per sq.ft in 2017, before returning to Rs 700 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. Notably, the register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The substantial rise from 2007 to 2012 was 419%, and overall, from 2007 to 2024, the increase remains at 419% as well.

Guideline values in Perumattu Nellore

In Perumattu Nellore, there are 83 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,850 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which matches the guideline value for Thangappapuram.

• The Central Govt Staff Cooperative Nagar: Rs 500 per sq.ft (2024)
• Teacher Sumangali Nagar: Rs 700 per sq.ft (2024)
• Tamil Issai Nagar Part-I: Rs 700 per sq.ft (2024)
• Swathi Nagar: Rs 700 per sq.ft (2024)
• Suka Dev Residency: Rs 500 per sq.ft (2024)
• Subamangala Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Thangappapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total charges to Rs 63,000. It is important to note that 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 Thangappapuram?

The Sub Registrar Office that covers Thangappapuram 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 Perumattu Nellore

The guideline value plays a crucial role in the registration process for property transactions in Perumattu Nellore. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these fees are based on a standardized value set by the government.

When buying or selling property, the guideline value helps determine the official value of the property for registration purposes. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thangappapuram?

The current guideline value of Thangappapuram is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with significant changes occurring from Rs 135 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, and then returning to Rs 700 per sq.ft in both 2023 and 2024.

What are the guideline values of other streets in Perumattu Nellore?

Other streets in Perumattu Nellore have guideline values ranging from Rs 500 to Rs 2,850 per sq.ft, with the median value being Rs 700 per sq.ft, which is the same as Thangappapuram's guideline value.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Thangappapuram is 7%, applied to the higher of the guideline value or the sale price of the property.

Where can I find the Sub Registrar Office for Thangappapuram?

The Sub Registrar Office for Thangappapuram is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengalpattu registration zone.