Guideline Value for Thalaimai Chailaga Nagar Extn

Thalaimai Chailaga Nagar Extn guideline value

The current guideline value of Thalaimai Chailaga Nagar Extn is Rs 806 per sq.ft, effective from 1 July 2024. This area is located in Kovilpathagai village and falls under the Ambattur SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Thalaimai Chailaga Nagar Extn has changed

The guideline value for Thalaimai Chailaga Nagar Extn has undergone several revisions over the years. The earliest registered figure is from 2012, which was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly by 100%, bringing it to Rs 806 per sq.ft. The most recent revision in 2024 has maintained this rate, showing no change from the previous year.

There are no registered figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 34%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with 2024 guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for these streets is Rs 870 per sq.ft, indicating that Thalaimai Chailaga Nagar Extn's current rate is below this median.

• Thalaimai Chailaga Nagar Annex: Rs 1,200 per sq.ft (2024)
• Thalaimai Chailaga Nagar: 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 Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 806 per sq.ft, the total guideline value would be Rs 8,06,000. The stamp duty at 7% would amount to Rs 56,420, and the registration fee at 2% would be Rs 16,120, bringing the total cost to Rs 72,540. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thalaimai Chailaga Nagar Extn?

The Sub Registrar Office that covers Thalaimai Chailaga Nagar Extn is 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 more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kovilpathagai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is essential for buyers to be aware of this value to avoid overpaying, while sellers must consider it when setting their sale prices.

Frequently asked questions

What is the current guideline value of Thalaimai Chailaga Nagar Extn?

The current guideline value of Thalaimai Chailaga Nagar Extn is Rs 806 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 806 per sq.ft by 2023 and has remained the same in 2024.

What is the land classification for Thalaimai Chailaga Nagar Extn?

The land classification for Thalaimai Chailaga Nagar Extn is Residential Class III Type - I.

Where can I find the Sub Registrar Office for this area?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 8,06,000, the stamp duty would be Rs 56,420 at a rate of 7%.