Guideline Value for THANIGAI NAGAR

Thanigai Nagar guideline value

The current guideline value of Thanigai Nagar, located in Sadayankuppam village under the Thiruvottiyur SRO, is Rs 1,002 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Thanigai Nagar has changed

The guideline value for Thanigai Nagar has seen several revisions over the years. In 2002, the guideline value was Rs 25 per sq.ft. This increased to Rs 31 per sq.ft in 2003, marking a 24% rise. The value continued to grow, reaching Rs 60 per sq.ft in 2007, which was a significant increase of 900%. By 2012, the guideline value rose to Rs 600 per sq.ft, reflecting a 900% change from 2007. However, it dropped to Rs 402 per sq.ft in 2017, a decrease of 33%.

From 2017 to 2023, the guideline value increased to Rs 1,000 per sq.ft, representing a 149% rise. The latest revision in 2024 has set the guideline value at Rs 1,002 per sq.ft, which is an increase of 0% from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 3908%.

Guideline values in Sadayankuppam

Sadayankuppam village has 20 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 1,002 per sq.ft, which is equal to the guideline value of Thanigai Nagar.

• R.K. Nagar: Rs 1,002 per sq.ft (2024)
• Revathi Nagar: Rs 1,000 per sq.ft (2024)
• Ramalakshmi Nagar: Rs 1,002 per sq.ft (2024)
• Ponneri High Road: Rs 1,003 per sq.ft (2024)
• Perumal Koil Street: Rs 1,000 per sq.ft (2024)
• Pancavarnam Street: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Thanigai Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,002 per sq.ft, the guideline value amounts to Rs 10,02,000. The stamp duty at 7% would be Rs 70,140, and the registration fee at 2% would be Rs 20,040, totaling Rs 90,180. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thanigai Nagar?

The Sub Registrar Office that covers Thanigai Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process for buying or selling property in Sadayankuppam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property’s assessed value.

Frequently asked questions

What is the current guideline value of Thanigai Nagar?

The current guideline value of Thanigai Nagar is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 25 per sq.ft in 2002 to Rs 1,002 per sq.ft in 2024, reflecting a total increase of 3908% over the years.

What is the land classification for Thanigai Nagar?

The land classification for Thanigai Nagar is Residential Special Type - III.

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

For a property valued at Rs 10,02,000, the total stamp duty and registration fees amount to Rs 90,180, which includes a stamp duty of Rs 70,140 and a registration fee of Rs 20,040.

Where is the Sub Registrar Office for Thanigai Nagar located?

The Sub Registrar Office for Thanigai Nagar is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.