Guideline Value for THILAGAM NAGAR

Thilagam Nagar guideline value

The current guideline value of Thilagam Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Athur A Block village, under the Chengleput Joint II SRO, and is classified as Mixed Type - I land.

How the guideline value of Thilagam Nagar has changed

According to the guideline value register, the revisions for Thilagam Nagar show that there has been no change in the guideline value from 2023 to 2024, remaining at Rs 600 per sq.ft. Prior to the 2023 revision, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002, indicating that the register has no figure for this street in those years.

Both the 2023 and 2024 revisions have maintained the guideline value at Rs 600 per sq.ft, reflecting a 0% change. This consistency suggests stability in the valuation for this street over the past two years.

Guideline values in Athur A Block

Athur A Block comprises 44 streets under the Chengleput Joint II SRO, with a range of guideline values from Rs 300 to Rs 1,525 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, which aligns with the current guideline value of Thilagam Nagar.

• Thilagar Nagar: Rs 600 per sq.ft (2024)
• Stephy Garden: Rs 600 per sq.ft (2024)
• Sri Vijaya Nagar: Rs 600 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 600 per sq.ft (2024)
• Sri Ranga Nagar: Rs 1,525 per sq.ft (2024)
• Sri Ram Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Thilagam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty is charged at 7%, which totals Rs 42,000, and the registration fee at 2% amounts to Rs 12,000. Together, the total fees would be Rs 54,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thilagam Nagar?

The Sub Registrar Office that covers Thilagam Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur A Block

The guideline value plays a crucial role in property transactions in Athur A Block, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory during the registration process.

When buying or selling property, it is essential to be aware of the current guideline value, as it ensures compliance with the legal requirements set by the Registration Department. Buyers should be prepared to pay the applicable fees based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Thilagam Nagar?

The current guideline value of Thilagam Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thilagam Nagar has remained stable at Rs 600 per sq.ft from 2023 to 2024, with no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Athur A Block?

The median guideline value for the 44 streets in Athur A Block is Rs 600 per sq.ft, which is the same as the guideline value for Thilagam Nagar.

What are the stamp duty and registration fees for properties in Thilagam Nagar?

For a property valued at Rs 6,00,000 in Thilagam Nagar, the stamp duty is Rs 42,000 and the registration fee is Rs 12,000, totaling Rs 54,000.

Where is the Sub Registrar Office for Thilagam Nagar located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.