Guideline Value for Thalaimai Chailaga Nagar Annex

Thalaimai Chailaga Nagar Annex guideline value

The current guideline value for Thalaimai Chailaga Nagar Annex is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Kovilpathagai village under the Ambattur SRO, classified as Residential Special Type - I.

How the guideline value of Thalaimai Chailaga Nagar Annex has changed

In the 2023 revision, the guideline value was set at Rs 1,100 per sq.ft. The recent 2024 revision has increased this amount by 9%, bringing the current guideline value to Rs 1,200 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only revisions available are from 2023 and 2024, indicating a clear upward change in the guideline value from Rs 1,100 to Rs 1,200 per sq.ft.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for the village is Rs 870 per sq.ft, placing Thalaimai Chailaga Nagar Annex above this median.

• Thalaimai Chailaga Nagar: Rs 806 per sq.ft (2024)
• Thalaimai Chailaga Nagar Extn: Rs 806 per sq.ft (2024)
• Thampaatti Nagar: Rs 805 per sq.ft (2024)
• Tank Street: Rs 805 per sq.ft (2024)
• Swathy Nagar: Rs 880 per sq.ft (2024)
• Swathy Garden: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Thalaimai Chailaga Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total cost for these fees Rs 1,08,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thalaimai Chailaga Nagar Annex?

The Thalaimai Chailaga Nagar Annex is covered by the Ambattur Sub Registrar Office located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential component in the property registration process in Kovilpathagai. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is considered alongside the sale price, and the higher of the two amounts is used to calculate the applicable fees. This ensures that the fees reflect the true value of the transaction.

Frequently asked questions

What is the current guideline value for Thalaimai Chailaga Nagar Annex?

The current guideline value for Thalaimai Chailaga Nagar Annex is Rs 1,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 1,100 per sq.ft in 2023 to Rs 1,200 per sq.ft in 2024, representing a 9% increase.

What is the land classification for Thalaimai Chailaga Nagar Annex?

Thalaimai Chailaga Nagar Annex is classified as Residential Special Type - I.

Where can I find the registration office for this area?

The registration office for Thalaimai Chailaga Nagar Annex is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Kovilpathagai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 12,00,000, the stamp duty would be 7% of that amount.