Guideline Value for THANGARAJ NAGAR EXTENSION

Thangaraj Nagar Extension guideline value

The current guideline value of Thangaraj Nagar Extension is Rs 2,310 per sq.ft. This area is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thangaraj Nagar Extension has changed

The guideline value for Thangaraj Nagar Extension has seen several revisions over the years. The 2017 revision set the value at Rs 1,407 per sq.ft, which increased to Rs 2,100 per sq.ft in the 2023 revision. The latest revision in 2024 has raised the guideline value to Rs 2,310 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was significant at 49%, reflecting notable changes in the guideline value over this period.

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. The median value is Rs 2,310 per sq.ft, which is equal to the current guideline value for Thangaraj Nagar Extension.

• Thangaraj Nagar: Rs 2,310 per sq.ft (2024)
• Thangamani Nagar: Rs 3,960 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 Thangaraj Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value amounts to Rs 23,10,000. The stamp duty at 7% would be Rs 1,61,700, while the registration fee at 2% would be Rs 46,200, bringing the total fees to Rs 2,07,900. 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 Thangaraj Nagar Extension?

The Sub Registrar Office that covers Thangaraj Nagar Extension 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 when buying or selling property in Perungalathur. It serves as a reference point for determining the stamp duty and registration fees that must be paid at the time of registration. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. This helps in maintaining transparency and legality in property transactions in the area.

Frequently asked questions

What is the current guideline value of Thangaraj Nagar Extension?

The current guideline value of Thangaraj Nagar Extension is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,407 per sq.ft in 2017 to Rs 2,310 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 23,10,000, the total fees would amount to Rs 2,07,900.

Which Sub Registrar Office covers Thangaraj Nagar Extension?

The Padappai Sub Registrar Office covers Thangaraj Nagar Extension, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

Where can I find more information about guideline values in Perungalathur?

More information about guideline values in Perungalathur can be accessed through the Registration Department's guideline value register (TNReginet) or by visiting the local Sub Registrar Office.