Guideline Value for THANIGAI NAGAR PHASE VIII

Thanigai Nagar Phase VIII guideline value

The current guideline value of Thanigai Nagar Phase VIII is Rs 2,239 per sq.ft. This area is located in Melakottyur village and falls under the Gooduvancheri Sub Registrar Office (SRO). The land classification for this region is Mixed Type - II.

How the guideline value of Thanigai Nagar Phase VIII has changed

In the 2002 revision, the register has no figure for this street. The same applies for the revisions in 2003, 2007, 2012, and 2017, where no figures are available. The most recent revision in 2023 shows a guideline value of Rs 2,239 per sq.ft, which has remained unchanged from previous revisions.

Overall, there have been no changes in the guideline value between the revisions mentioned above. The only available figure is from the 2023 revision, which confirms the current guideline value of Rs 2,239 per sq.ft.

Guideline values in Melakottyur

Currently, there are no specific village figures available for Melakottyur. The guideline value of Thanigai Nagar Phase VIII is Rs 2,239 per sq.ft. Unfortunately, there are no other streets in Melakottyur under the Gooduvancheri SRO for which figures are provided.

Stamp duty and registration fee for property in Thanigai Nagar Phase VIII

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 22,39,000. The stamp duty at 7% would be Rs 1,56,730, and the registration fee at 2% would be Rs 44,780, bringing the total to Rs 2,01,510. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thanigai Nagar Phase VIII?

The Sub Registrar Office that covers Thanigai Nagar Phase VIII is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Melakottyur, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value serves as a benchmark for calculating these charges, ensuring that they are based on a standardized valuation rather than fluctuating market prices.

At the time of registration, the buyer must pay the applicable stamp duty and registration fees based on the higher of the guideline value or the sale price. This process ensures that the government receives the necessary revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thanigai Nagar Phase VIII?

The current guideline value of Thanigai Nagar Phase VIII is Rs 2,239 per sq.ft as per the 2023 revision.

What is the land classification for Thanigai Nagar Phase VIII?

The land classification for Thanigai Nagar Phase VIII is Mixed Type - II.

Have there been any changes in the guideline value over the years?

No changes have occurred in the guideline value of Thanigai Nagar Phase VIII across the revisions listed. The only available figure is from the 2023 revision.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, in the Chengalpattu registration zone.

How is stamp duty calculated for property in Thanigai Nagar Phase VIII?

Stamp duty for property in Thanigai Nagar Phase VIII is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied based on the same criteria.