Guideline Value for THILAGAR NAGAR

Thilagar Nagar guideline value

The current guideline value of Thilagar Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This locality is part of Athur A Block village under the Chengleput Joint II SRO, with a land classification of Mixed Type - I.

How the guideline value of Thilagar Nagar has changed

Over the years, the guideline value of Thilagar Nagar has seen several revisions. The earliest recorded figure in 2007 was Rs 135 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012. However, it then dropped to Rs 402 per sq.ft in 2017. The subsequent revisions in 2023 and 2024 maintained the guideline value at Rs 600 per sq.ft, indicating no change between these two years. Notably, there are no figures available for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%, while from 2012 to 2017, the value decreased by 33%. The increase from 2007 to 2012 was substantial at 344%. Overall, comparing the 2007 figure to the current 2024 value shows an increase of 344%.

Guideline values in Athur A Block

Athur A Block consists of 44 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 300 to Rs 1,525 per sq.ft. The median value for these streets is Rs 600 per sq.ft, which matches the guideline value of Thilagar Nagar.

• Thilagam 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 Thilagar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, while the registration fee at 2% would be Rs 12,000. Therefore, the total fees together would be Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thilagar Nagar?

The Sub Registrar Office that covers Thilagar 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 is a crucial factor in property transactions within Athur A Block. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with legal and financial obligations.

When registering a property, the guideline value is used to calculate the applicable fees, which are mandatory for all transactions. This ensures that the government receives the appropriate revenue from property sales in the area.

Frequently asked questions

What is the current guideline value of Thilagar Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 135 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017, and has remained at Rs 600 per sq.ft since 2023.

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

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are based on the guideline value.

Which Sub Registrar Office covers Thilagar Nagar?

The Chengleput Joint II Sub Registrar Office covers Thilagar Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification of Thilagar Nagar?

The land classification of Thilagar Nagar is Mixed Type - I, indicating a diverse use of land in the area.