Guideline Value for Thangaiah Garden

Thangaiah Garden guideline value

The current guideline value of Thangaiah Garden, located in Padiyanallur village under the Redhills SRO, is Rs 660 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Thangaiah Garden has changed

The guideline value for Thangaiah Garden has undergone several revisions over the years. Starting from the 2007 revision, the guideline value was Rs 300 per sq.ft. This figure increased to Rs 600 per sq.ft in 2012, marking a 100% rise. However, it then decreased to Rs 402 per sq.ft in 2017, reflecting a 33% drop. The value further increased significantly to Rs 600 per sq.ft in 2023, and finally, it rose to Rs 660 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Padiyanallur

Padiyanallur has a total of 132 streets under the Redhills SRO, with guideline values ranging from Rs 385 to Rs 2,750 per sq.ft. The median guideline value in this village is Rs 770 per sq.ft, making the current value of Thangaiah Garden below this median.

• Teacher Street: Rs 770 per sq.ft (2024)
• Thilagar Street: Rs 770 per sq.ft (2024)
• Thiruppur Kumaran Street: Rs 660 per sq.ft (2024)
• Subramaniya Bharathiyar Street: Rs 770 per sq.ft (2024)
• Thiruvallur Nedunchalai (Upto Bridge): Rs 770 per sq.ft (2024)
• Thiruvalluvar Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Thangaiah Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, leading to a total of Rs 59,400. Please 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 Thangaiah Garden?

The Thangaiah Garden area falls under the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Padiyanallur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties and fees. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thangaiah Garden?

The current guideline value of Thangaiah Garden is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 300 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, reflecting an overall increase of 120% over this period.

What are the stamp duty and registration fees for properties in Thangaiah Garden?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 46,200, and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which office handles property registrations for Thangaiah Garden?

The Redhills Sub Registrar Office handles property registrations for Thangaiah Garden, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the median guideline value in Padiyanallur?

The median guideline value in Padiyanallur is Rs 770 per sq.ft, with Thangaiah Garden's current value being below this median.