Guideline Value for Thangam Avenue

Thangam Avenue guideline value

The current guideline value of Thangam Avenue in Sokandi village is Rs 450 per sq.ft, effective from 1 July 2024. This property falls under the Sunguvarchattram SRO and is classified as Residential Special Type - I.

How the guideline value of Thangam Avenue has changed

The guideline value for Thangam Avenue has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 450 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 301 per sq.ft, reflecting a decrease of 33%. However, from 2017 to the 2023 revision, the value increased by 50%, bringing it back to Rs 450 per sq.ft. The 2023 revision maintained this figure, and the 2024 revision also set it at Rs 450 per sq.ft, indicating 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 Thangam Avenue. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained stable, showing a total change of 0%.

Guideline values in Sokandi

Sokandi village has 35 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 181 to Rs 1,000 per sq.ft, with a median value of Rs 300 per sq.ft. Thangam Avenue's 2024 figure of Rs 450 per sq.ft is above this median.

• Swathy Nagar Phase -V: Rs 450 per sq.ft (2024)
• Swathi nagar phase - III: Rs 612 per sq.ft (2024)
• Swathi Nagar Phase II: Rs 600 per sq.ft (2024)
• Swathi Nagar: Rs 450 per sq.ft (2024)
• Thiruvallur Road(Selvapuram to Ponniamman Kovil): Rs 450 per sq.ft (2024)
• Sri devi teak garden: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Thangam Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total guideline value amounts to Rs 4,50,000. The stamp duty at 7% would be Rs 31,500, and the registration fee at 2% would be Rs 9,000, making the total cost for these fees Rs 40,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thangam Avenue?

The Sub Registrar Office that covers Thangam Avenue is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Sokandi. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official value set by the Registration Department.

When buying or selling property, the guideline value helps in determining the minimum value at which the property can be registered, thus safeguarding both buyers and sellers in the transaction process.

Frequently asked questions

What is the current guideline value of Thangam Avenue?

The current guideline value of Thangam Avenue is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 450 per sq.ft since 2012, dropped to Rs 301 per sq.ft in 2017, and returned to Rs 450 per sq.ft in 2023 and 2024.

What is the land classification of Thangam Avenue?

Thangam Avenue is classified as Residential Special Type - I under the Sunguvarchattram SRO.

What are the stamp duty and registration fees for properties in Thangam Avenue?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,50,000, with stamp duty at Rs 31,500 and registration fees at Rs 9,000, totaling Rs 40,500.

Where can I find the Sub Registrar Office for Thangam Avenue?

The Sub Registrar Office for Thangam Avenue is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.