Guideline Value for THANGAVELPURAM

Thangavelpuram guideline value

The current guideline value of Thangavelpuram, located in Ariyanvoyal village under the Ponneri SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Thangavelpuram has changed

The guideline value for Thangavelpuram has seen significant changes over the years. The earliest recorded revision was in 2012, where the value was Rs 400 per sq.ft. In 2017, it decreased to Rs 268 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value rose sharply to Rs 400 per sq.ft, reflecting an increase of 49%. The most recent revision in 2024 set the guideline value at Rs 440 per sq.ft, which is a 10% increase from the previous year.

The register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ariyanvoyal

Ariyanvoyal village has 26 streets under the Ponneri SRO, with guideline values ranging from Rs 330 to Rs 880 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, placing Thangavelpuram's 2024 figure of Rs 440 per sq.ft above the median.

• Thirupathy Nagar: Rs 440 per sq.ft (2024)
• T.H.Road: Rs 440 per sq.ft (2024)
• Union Carbide Employees Co-Operative Nagar: Rs 600 per sq.ft (2024)
• Sri Lakshmi Avenue: Rs 330 per sq.ft (2024)
• Singaraswami Nagar: Rs 330 per sq.ft (2024)
• Shanthi Nagar @ Thirupathy Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Thangavelpuram

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that 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 Thangavelpuram?

The Sub Registrar Office that covers Thangavelpuram is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ariyanvoyal. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware that the duty is charged based on the higher of the guideline value or the sale price.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps maintain transparency in the real estate market. This value is periodically revised to reflect changes in the market and ensure that it remains relevant.

Frequently asked questions

What is the current guideline value of Thangavelpuram?

The current guideline value of Thangavelpuram is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification of Thangavelpuram?

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

What are the stamp duty and registration fees for properties in Thangavelpuram?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 4,40,000, the total fees would amount to Rs 39,600.

Where is the Sub Registrar Office for Thangavelpuram located?

The Sub Registrar Office for Thangavelpuram is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.