Guideline Value for Thalaimai Chailaga Nagar

Thalaimai Chailaga Nagar guideline value

The current guideline value of Thalaimai Chailaga Nagar is Rs 806 per sq.ft, effective from 1 July 2024. This locality is situated in Kovilpathagai village under the Ambattur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Thalaimai Chailaga Nagar has changed

The guideline value for Thalaimai Chailaga Nagar has undergone several revisions over the years. The earliest available figure is from 2012, when the guideline value was Rs 600 per sq.ft. This increased to Rs 402 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value saw a significant rise of 100%, bringing it back to Rs 806 per sq.ft. The 2024 revision maintains this value, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register 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 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, placing Thalaimai Chailaga Nagar's 2024 figure below this median.

• Thalaimai Chailaga Nagar Annex: Rs 1,200 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

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 for these fees to Rs 72,540. It is essential to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thalaimai Chailaga Nagar?

The Thalaimai Chailaga Nagar area falls under the jurisdiction of 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 plays a crucial role during the registration of property transactions in Kovilpathagai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is considered to assess the transaction value. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Thalaimai Chailaga Nagar?

The current guideline value of Thalaimai Chailaga Nagar 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 in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the median guideline value in Kovilpathagai?

The median guideline value for streets in Kovilpathagai is Rs 870 per sq.ft, which is higher than the current value of Thalaimai Chailaga Nagar.

What are the stamp duty rates for property in Thalaimai Chailaga Nagar?

The stamp duty rate for property transactions in Thalaimai Chailaga Nagar is 7%. This is applied to the higher of the guideline value or the sale price.

Where is the Ambattur Sub Registrar Office located?

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