Guideline Value for Thangakulam

Thangakulam guideline value

The current guideline value of Thangakulam, located in Menambedu village under the Ambattur SRO, is Rs 1,001 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class IV Type - I land classification.

How the guideline value of Thangakulam has changed

Over the years, the guideline value of Thangakulam has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,000 per sq.ft in 2023 and has now reached Rs 1,001 per sq.ft in the 2024 revision. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Examining the changes, the guideline value rose by 87% from 2017 to 2023. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Menambedu

In Menambedu village, there are 171 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft, with a median value of Rs 1,003 per sq.ft. The guideline value of Thangakulam is below this median.

• Thavasi Street: Rs 1,001 per sq.ft (2024)
• Theradi Street: Rs 1,000 per sq.ft (2024)
• Sundarrajan Street: Rs 1,700 per sq.ft (2024)
• Thirumalai Street: Rs 1,001 per sq.ft (2024)
• Sundaram Street: Rs 1,700 per sq.ft (2024)
• Thirunavukarasu Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thangakulam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total to Rs 90,090. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thangakulam?

The Sub Registrar Office that covers Thangakulam 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 Menambedu

The guideline value plays a crucial role in the registration of property transactions in Menambedu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a value that reflects the official rates set by the government. This helps in maintaining transparency and consistency in property transactions within the area.

Frequently asked questions

What is the current guideline value of Thangakulam?

The current guideline value of Thangakulam is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,001 per sq.ft in 2024.

What are the guideline values of other streets in Menambedu?

Other streets in Menambedu have varying guideline values, with rates ranging from Rs 1,000 to Rs 6,680 per sq.ft. For example, Thavasi Street and Thirumalai Street both have a guideline value of Rs 1,001 per sq.ft.

What fees are associated with property registration in Thangakulam?

When registering property in Thangakulam, stamp duty is charged at 7% of the guideline value, and a registration fee is charged at 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Thangakulam?

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