Guideline Value for Thangam Nagar-II

Thangam Nagar-II guideline value

The current guideline value of Thangam Nagar-II is Rs 250 per sq.ft. This area is located in Somangalam_B village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thangam Nagar-II has changed

In the 2017 revision, the guideline value for Thangam Nagar-II was set at Rs 167 per sq.ft. This value remained unchanged in the 2023 revision, which also recorded Rs 250 per sq.ft. The most recent revision, effective from 1 July 2024, also maintains the guideline value at Rs 250 per sq.ft, resulting in no change from the previous year.

Between 2017 and 2023, the guideline value increased by 50%. Overall, from 2017 to 2024, the increase is also 50%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Somangalam_B

In Somangalam_B, there are 79 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 2,500 per sq.ft. The median value is Rs 250 per sq.ft, placing Thangam Nagar-II at this median value.

• Thangam Nagar: Rs 250 per sq.ft (2024)
• Thangam Nagar-III: Rs 250 per sq.ft (2024)
• Thangam Nagar - III Extension: Rs 250 per sq.ft (2024)
• Thendral Nagar: Rs 500 per sq.ft (2024)
• Thillai Nagar: Rs 200 per sq.ft (2024)
• Suganthi Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Thangam Nagar-II

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total cost for these fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thangam Nagar-II?

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

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

The guideline value is an essential factor when registering property transactions in Somangalam_B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is used to calculate the necessary fees. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Thangam Nagar-II?

The current guideline value of Thangam Nagar-II is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2023 to 2024, with a 50% increase from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023.

What are the other streets in Somangalam_B with similar guideline values?

Other streets in Somangalam_B, such as Thangam Nagar-III, Thangam Nagar - III Extension, and Thangam Nagar, also have a guideline value of Rs 250 per sq.ft for 2024.

How is the stamp duty calculated for properties in Thangam Nagar-II?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500.

Where can I find the Sub Registrar Office for Thangam Nagar-II?

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