Guideline Value for Thangam Nagar

Thangam Nagar guideline value

The current guideline value of Thangam Nagar, located in Nariyampakkam village under the Sriperumpudur SRO, is Rs 250 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Thangam Nagar has changed

The guideline value for Thangam Nagar has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 250 per sq.ft. However, in the 2017 revision, it decreased to Rs 167 per sq.ft, marking a decline of 33%. The value then increased significantly in the 2023 revision, returning to Rs 250 per sq.ft, which remained unchanged in the 2024 revision.

From 2017 to 2023, there was a notable increase of 50%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has remained constant at Rs 250 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nariyampakkam

Nariyampakkam village features 17 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 600 per sq.ft, with a median value of Rs 250 per sq.ft. Thangam Nagar's 2024 guideline value is equal to this median.

• Sri Ragavendra Garden: Rs 250 per sq.ft (2024)
• Sri Balaji Nagar: Rs 500 per sq.ft (2024)
• Vijaya Nagar: Rs 250 per sq.ft (2024)
• Vijaya Nagar Extn: Rs 250 per sq.ft (2024)
• S.M. Nagar: Rs 400 per sq.ft (2024)
• Yuvasree Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Thangam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the 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, totaling Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thangam Nagar?

The Sub Registrar Office that covers Thangam 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 information.

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

When buying or selling property in Nariyampakkam, the guideline value is a crucial factor during the registration process. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

The guideline value is used to ensure that the property is registered at a fair value, helping to maintain transparency in real estate transactions. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thangam Nagar?

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

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent changes being a return to Rs 250 per sq.ft in both 2023 and 2024, after a drop to Rs 167 per sq.ft in 2017.

What are the other streets in Nariyampakkam with their guideline values?

Other streets in Nariyampakkam include Sri Ragavendra Garden and Vijaya Nagar, both at Rs 250 per sq.ft, while Sri Balaji Nagar and Yuvasree Nagar are at Rs 500 per sq.ft in 2024.

How is stamp duty calculated for properties in Thangam Nagar?

Stamp duty for properties in Thangam Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

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

The Sub Registrar Office for Thangam Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information through the relevant online resources.