Guideline Value for THANGARAJAPURAM

Thangarajapuram guideline value

The current guideline value of Thangarajapuram is Rs 1,950 per sq.ft, effective from 1 July 2024. This village falls under the Selaiyur SRO and is classified as Residential Class I Type - I.

How the guideline value of Thangarajapuram has changed

The guideline value for Thangarajapuram has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,206 per sq.ft. However, from 2017 to 2023, the value rose significantly by 49% to reach Rs 1,800 per sq.ft, and in the latest 2024 revision, it increased by 8% to Rs 1,950 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Ottiyampakkam

In Ottiyampakkam, there are 88 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 4,300 per sq.ft, with the median being Rs 1,950 per sq.ft. The guideline value for Thangarajapuram aligns with this median.

• Tellus Avenue Phase-II: Rs 3,200 per sq.ft (2024)
• Tellus Avenue: Rs 3,200 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,950 per sq.ft (2024)
• Sri Sai Nagar Phase-III: Rs 3,200 per sq.ft (2024)
• Sri Sai Nagar Phase-II: Rs 3,200 per sq.ft (2024)
• Sri Sai Nagar Annexe: Rs 3,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thangarajapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,950 per sq.ft, the total guideline value amounts to Rs 19,50,000. The stamp duty at 7% would be Rs 1,36,500, and the registration fee at 2% would be Rs 39,000, bringing the total to Rs 1,75,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thangarajapuram?

The Sub Registrar Office that covers Thangarajapuram is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Ottiyampakkam

The guideline value is a critical factor during the registration of property transactions in Ottiyampakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state collects the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is particularly important in negotiations and finalizing the sale price, as it influences the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Thangarajapuram?

The current guideline value of Thangarajapuram is Rs 1,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,950 per sq.ft in 2024.

What is the stamp duty on property in Thangarajapuram?

The stamp duty on property in Thangarajapuram is 7% of the guideline value or the sale price, whichever is higher. For a plot valued at Rs 19,50,000, the stamp duty would be Rs 1,36,500.

Where can I find the Sub Registrar Office for Thangarajapuram?

The Sub Registrar Office for Thangarajapuram is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

What is the land classification for Thangarajapuram?

Thangarajapuram is classified as Residential Class I Type - I, indicating its suitability for residential development.