Guideline Value for Thangam Nagar

Thangam Nagar guideline value

The current guideline value of Thangam Nagar is Rs 1,700 per sq.ft, effective from 1 July 2024. This area is located in Soorapattu village and falls under the Ambattur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Thangam Nagar has changed

The guideline value for Thangam Nagar has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,600 per sq.ft. In 2017, this value decreased to Rs 1,072 per sq.ft, marking a decline of 33%. The value then rose significantly to Rs 1,600 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 1,700 per sq.ft, representing a 6% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Soorapattu

In Soorapattu village, there are 115 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 5,100 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, placing Thangam Nagar's 2024 figure above this median.

• Thamaraikulam Street: Rs 1,200 per sq.ft (2024)
• Tanker Street: Rs 1,200 per sq.ft (2024)
• Star Enclave: Rs 3,300 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,100 per sq.ft (2024)
• Thulukanathaman Nagar: Rs 2,400 per sq.ft (2024)
• Thulukanathamman Koil Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thangam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, 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 Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value serves as a benchmark for property transactions in Soorapattu. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When registering a property, the guideline value is considered to ensure that the transaction is recorded accurately and that the appropriate taxes are levied based on the value of the property as per the official register.

Frequently asked questions

What is the current guideline value of Thangam Nagar?

The current guideline value of Thangam Nagar is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 in 2012 to Rs 1,072 in 2017, then back to Rs 1,600 in 2023, and finally to Rs 1,700 in 2024.

What is the land classification of Thangam Nagar?

Thangam Nagar is classified as Residential Class I Type - I.

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

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

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 1,19,000.