Guideline Value for THANIGAI NAGAR

Thanigai Nagar guideline value

The current guideline value of Thanigai Nagar is Rs 555 per sq.ft, effective from 1 July 2024. This street is located in Vellanoor-1 village, under the Avadi Sub Registrar Office (SRO), and is classified as Residential Class I Type - I.

How the guideline value of Thanigai Nagar has changed

In the 2017 revision, the guideline value for Thanigai Nagar was set at Rs 335 per sq.ft. This figure increased to Rs 500 per sq.ft in the 2023 revision, marking a 49% rise. The current value of Rs 555 per sq.ft from the 2024 revision represents an 11% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 66%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vellanoor-1

In Vellanoor-1, there are 34 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,980 per sq.ft. The median value is Rs 555 per sq.ft, which is equal to the current guideline value of Thanigai Nagar.

• Thiruvallur Nagar: Rs 440 per sq.ft (2024)
• Sri Sivasakthi Nagar: Rs 555 per sq.ft (2024)
• Thulasi Nagar: Rs 555 per sq.ft (2024)
• Sri Perumal Nagar: Rs 555 per sq.ft (2024)
• Sri Krishna Nagar: Rs 555 per sq.ft (2024)
• Sri Ganapathy Nagar Annexe: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Thanigai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 555 per sq.ft, the total guideline value amounts to Rs 5,55,000. The stamp duty at 7% would be Rs 38,850, and the registration fee at 2% would be Rs 11,100, totaling Rs 49,950. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thanigai Nagar?

Thanigai Nagar falls under the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Vellanoor-1

The guideline value is a crucial factor in the registration process of property transactions in Vellanoor-1. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When a buyer or seller engages in a transaction, the guideline value helps ensure that the property is registered at a fair value, which is essential for legal and financial documentation. It is advisable to check the latest guideline value before proceeding with any property transaction.

Frequently asked questions

What is the current guideline value of Thanigai Nagar?

The current guideline value of Thanigai Nagar is Rs 555 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 335 per sq.ft to Rs 555 per sq.ft in 2024, representing a total increase of 66% over this period.

What is the land classification of Thanigai Nagar?

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

Where can I find the Sub Registrar Office for Thanigai Nagar?

The Avadi Sub Registrar Office covers Thanigai Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated in Thanigai Nagar?

Stamp duty in Thanigai Nagar is calculated based on the guideline value or the sale price, whichever is higher. For instance, on a 1,000 sq.ft plot at the current guideline value, the total stamp duty would amount to Rs 38,850.