Guideline Value for Thanga Nagar

Thanga Nagar guideline value

The current guideline value of Thanga Nagar, located in Kaduvancheri village, is Rs 300 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the jurisdiction of the Sriperumpudur SRO and is classified as Residential Special Type - I.

How the guideline value of Thanga Nagar has changed

Looking back at the revisions, the guideline value for Thanga Nagar was Rs 300 per sq.ft in both the 2023 and 2024 revisions, showing no change between these years. The 2017 revision recorded a guideline value of Rs 201 per sq.ft, which marked a significant increase of 49% when compared to the 2023 figure. The 2012 revision also had a value of Rs 300 per sq.ft, which indicates a decrease of 33% from the 2017 revision.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 300 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kaduvancheri

In Kaduvancheri, there are 37 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,500 per sq.ft. The median value is Rs 300 per sq.ft, which is equal to the guideline value of Thanga Nagar.

• Sri Vinayaga Nagar: Rs 300 per sq.ft (2024)
• Sri Ram Nagar: Rs 300 per sq.ft (2024)
• Sri Iyappan Nagar (Sri Ayappa Nagar): Rs 250 per sq.ft (2024)
• Sri A.T. Panneerselvam Nagar: Rs 300 per sq.ft (2024)
• Sindhiya Nagar: Rs 200 per sq.ft (2024)
• Shri Sakthi Nagar: Rs 1,232 per sq.ft (2024)

Stamp duty and registration fee for property in Thanga Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thanga Nagar?

The Sub Registrar Office that covers Thanga Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Kaduvancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you buy or sell property, the guideline value is used to calculate the applicable fees, ensuring that both parties adhere to the legal requirements set by the registration authorities. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Thanga Nagar?

The current guideline value of Thanga Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained Rs 300 per sq.ft in both the 2023 and 2024 revisions. It was Rs 201 per sq.ft in 2017 and also Rs 300 per sq.ft in 2012, showing a 49% increase from 2017 to 2023.

What is the classification of land in Thanga Nagar?

The land in Thanga Nagar is classified as Residential Special Type - I, indicating its intended use for residential purposes.

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

The Sub Registrar Office covering Thanga Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000, leading to a stamp duty of Rs 21,000.