Guideline Value for THANIGESAN NAGAR

Thanigesan Nagar guideline value

The current guideline value of Thanigesan Nagar is Rs 548 per sq.ft, effective from 1 July 2024. This area is located in Tiruttani village under the Thiruttani SRO and is classified as Residential Class V Type - III.

How the guideline value of Thanigesan Nagar has changed

The guideline value for Thanigesan Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 201 per sq.ft. It increased to Rs 500 per sq.ft in the 2023 revision, marking a 149% rise. The most recent 2024 revision set the value at Rs 548 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 173%.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft. The median guideline value for these streets is Rs 825 per sq.ft, placing Thanigesan Nagar's 2024 figure below this median.

• Thanigai Meenakshi Amman Koil Street: Rs 825 per sq.ft (2024)
• Thasildhar Quarters: Rs 550 per sq.ft (2024)
• Theepanji Amman Koil Street: Rs 770 per sq.ft (2024)
• Thekkalur Road: Rs 550 per sq.ft (2024)
• Thirukulam Area: Rs 825 per sq.ft (2024)
• Super Market: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thanigesan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 548 per sq.ft, the total guideline value amounts to Rs 5,48,000. The stamp duty at 7% would be Rs 38,360, and the registration fee at 2% would be Rs 10,960. Together, the total fees would be Rs 49,320. It is important to note that the 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 Thanigesan Nagar?

The Sub Registrar Office that covers Thanigesan Nagar is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of properties in Tiruttani. It is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property. The fees are based on the guideline value or the sale price, whichever is higher.

When selling property, the guideline value is also relevant as it helps determine the legal value of the property for registration purposes. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the transaction.

Frequently asked questions

What is the current guideline value of Thanigesan Nagar?

The current guideline value of Thanigesan Nagar is Rs 548 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 201 per sq.ft to Rs 548 per sq.ft as of the 2024 revision, marking an overall increase of 173%.

What is the median guideline value for streets in Tiruttani?

The median guideline value for streets in Tiruttani is Rs 825 per sq.ft, while Thanigesan Nagar's 2024 figure is below this median.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 5,48,000. The stamp duty at 7% is Rs 38,360, and the registration fee at 2% is Rs 10,960, totaling Rs 49,320.

Where is the Sub Registrar Office for Thanigesan Nagar located?

The Sub Registrar Office for Thanigesan Nagar is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.