Guideline Value for Thai Thillai Nagar

Thai Thillai Nagar guideline value

The current guideline value of Thai Thillai Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Pazhanthandalam village, under the Padappai SRO, and is classified as Residential Special Type - II.

How the guideline value of Thai Thillai Nagar has changed

In the 2012 revision, the guideline value was Rs 700 per sq.ft. This figure decreased to Rs 469 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 700 per sq.ft in the 2023 revision, and then to Rs 770 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The revisions for the years 2002, 2003, and 2007 have no figures listed for this street.

From 2012 to 2017, the guideline value experienced a decrease of 33%. However, from 2017 to 2023, it saw a notable increase of 49%. Overall, the guideline value increased by 10% from 2012 to 2024.

Guideline values in Pazhanthandalam

In Pazhanthandalam, there are 57 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,980 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Thai Thillai Nagar is below this median.

• Thai Kanniyammal Nagar Extension III: Rs 770 per sq.ft (2024)
• Thai Kanniyammal Nagar: Rs 770 per sq.ft (2024)
• Tasiowa Industrial Park Phase II: Rs 1,100 per sq.ft (2024)
• Taisowa Nagar: Rs 1,100 per sq.ft (2024)
• Sri Sathya Nagar: Rs 1,100 per sq.ft (2024)
• Sri Sai City Phase-IV: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Thai Thillai Nagar

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. 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 details.

Which Sub Registrar Office covers Thai Thillai Nagar?

The Thai Thillai Nagar area is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Pazhanthandalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being sold or purchased.

When registering a property, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thai Thillai Nagar?

The current guideline value of Thai Thillai Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification for Thai Thillai Nagar?

Thai Thillai Nagar is classified as Residential Special Type - II, which indicates its designated use for residential purposes.

What are the other streets in Pazhanthandalam with guideline values?

Other streets in Pazhanthandalam include Thai Kanniyammal Nagar Extension III and Thai Kanniyammal Nagar, both valued at Rs 770 per sq.ft, as well as Tasiowa Industrial Park Phase II, Taisowa Nagar, and Sri Sathya Nagar, valued at Rs 1,100 per sq.ft, and Sri Sai City Phase-IV at Rs 1,980 per sq.ft.

Where can I find the registration office for Thai Thillai Nagar?

The registration office that covers Thai Thillai Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.