Guideline Value for Thampaatti Nagar

Thampaatti Nagar guideline value

The current guideline value of Thampaatti Nagar, located in Kovilpathagai village under the Ambattur SRO, is Rs 805 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - II.

How the guideline value of Thampaatti Nagar has changed

In the 2012 revision, the guideline value was set at Rs 700 per sq.ft. This figure saw a decrease in the 2017 revision, dropping to Rs 469 per sq.ft, representing a decline of 33%. However, from 2017 to 2023, the guideline value increased significantly to Rs 805 per sq.ft, marking a rise of 72%. The 2023 revision maintained the same rate of Rs 805 per sq.ft, which will continue into the 2024 revision.

There are no figures available for the years 2002, 2003, and 2007 for Thampaatti Nagar. Overall, from 2012 to 2024, the guideline value has increased by 15%.

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 in this area is Rs 870 per sq.ft, placing Thampaatti Nagar's 2024 figure below that median.

• Thalaimai Chailaga Nagar Extn: Rs 806 per sq.ft (2024)
• Thalaimai Chailaga Nagar Annex: Rs 1,200 per sq.ft (2024)
• Thalaimai Chailaga Nagar: Rs 806 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 Thampaatti Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 805 per sq.ft, the total guideline value would be Rs 8,05,000. The stamp duty charged at 7% would be Rs 56,350, and the registration fee at 2% would be Rs 16,100, making the total cost Rs 72,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thampaatti Nagar?

The Sub Registrar Office that covers Thampaatti Nagar 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 in the registration process when buying or selling property in Kovilpathagai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thampaatti Nagar?

The current guideline value of Thampaatti Nagar is Rs 805 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 805 per sq.ft in 2023 and 2024.

What is the land classification of Thampaatti Nagar?

Thampaatti Nagar is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for Thampaatti Nagar?

The Sub Registrar Office for Thampaatti Nagar 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 the stamp duty calculated in Thampaatti Nagar?

Stamp duty in Thampaatti Nagar is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 8,05,000, the stamp duty would be Rs 56,350 at a rate of 7%.