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 area is located in Vellanoor-2 village and falls under the Avadi SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Thanigai Nagar has changed

Over the years, the guideline value of Thanigai Nagar has seen significant changes. The 2017 revision set the value at Rs 335 per sq.ft, which increased to Rs 500 per sq.ft in the 2023 revision, marking a 49% rise. The current 2024 revision has further increased this value to Rs 555 per sq.ft, reflecting an 11% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 66%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vellanoor-2

In Vellanoor-2, there are 31 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,800 per sq.ft. The median value for these streets is Rs 555 per sq.ft, which is equal to the guideline value of Thanigai Nagar.

• Thiruvallur Nagar: Rs 440 per sq.ft (2024)
• Thulasi Nagar: Rs 555 per sq.ft (2024)
• Sri Sakthi 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 Ganga Nagar: Rs 555 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 would be Rs 5,55,000. The stamp duty at 7% would amount to Rs 38,850, while the registration fee at 2% would be Rs 11,100. Together, the total charges would be 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 information.

Which Sub Registrar Office covers Thanigai Nagar?

The Sub Registrar Office that covers Thanigai Nagar is 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 details.

How the guideline value is used when you buy or sell in Vellanoor-2

The guideline value is a crucial factor when registering property transactions in Vellanoor-2. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale of property in this area.

When buying or selling property, the guideline value ensures that both parties are aware of the official valuation set by the Registration Department. This helps in maintaining transparency and fairness in property transactions.

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, marking a 66% overall increase. The most recent revision in 2024 saw an 11% increase from the previous year.

What are the stamp duty and registration fees for property in Thanigai Nagar?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total charges would be Rs 49,950.

Which Sub Registrar Office covers 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.

Where can I find more information about the guideline values in Vellanoor-2?

You can find more information about the guideline values in Vellanoor-2 by referring to the Registration Department's guideline value register or by checking the specific streets listed under the Avadi SRO.