Guideline Value for Thangaraj Avenue

Thangaraj Avenue guideline value

The current guideline value of Thangaraj Avenue in Nenmeli village is Rs 800 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint I SRO and is classified as Mixed Type - II.

How the guideline value of Thangaraj Avenue has changed

The guideline value for Thangaraj Avenue has remained consistent at Rs 800 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to that, there are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the 2023 to 2024 revision shows no change, maintaining the guideline value at Rs 800 per sq.ft. The absence of figures in earlier revisions indicates stability in the recorded value for this street over the years.

Guideline values in Nenmeli

In Nenmeli, there are 53 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft, with a median value of Rs 612 per sq.ft. Thangaraj Avenue's 2024 figure is above this median.

• Thangaraj City: Rs 800 per sq.ft (2024)
• Thangaraj City Extension: Rs 800 per sq.ft (2024)
• Teachers colony Extension-II: Rs 600 per sq.ft (2024)
• Teachers Colony Ext: Rs 550 per sq.ft (2024)
• Teachers Colony: Rs 500 per sq.ft (2024)
• S.S.Garden Phase-I: Rs 1,045 per sq.ft (2024)

Stamp duty and registration fee for property in Thangaraj Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thangaraj Avenue?

The Sub Registrar Office that covers Thangaraj Avenue is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor when registering property transactions in Nenmeli. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized valuation.

When buying or selling property, the guideline value helps in determining the minimum value at which the property can be registered. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thangaraj Avenue?

The current guideline value of Thangaraj Avenue is Rs 800 per sq.ft, effective from 1 July 2024.

Have there been any changes in the guideline value recently?

Yes, the guideline value has remained unchanged at Rs 800 per sq.ft since the 2023 revision, indicating a stable valuation for this street.

What is the land classification for Thangaraj Avenue?

Thangaraj Avenue is classified as Mixed Type - II under the Chengleput Joint I SRO.

How is the stamp duty calculated for property in Thangaraj Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 800 per sq.ft would incur a stamp duty of Rs 56,000.

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

The Sub Registrar Office for Thangaraj Avenue is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.